Which of the following is true? Regarding the bid-ask spread on currency quotations, currencies for countries with frequent political risks will have the larger bid/ask spread. Regarding the bid-ask spread on currency quotations, the less intense the competition for the traded currency, the smaller the bid/ask spread is. Currency futures contracts sold on an exchange contain a right but not a commitment to the owner, and are standardized. Currency forward contracts contains a commitment to the owner, and cannot b tailored to the desire of the owner