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Which of the following two kinds of derivative contracts have the largest (notional) dollar transaction volume in practice? I. Options II. Forwards III. Futures IV.

Which of the following two kinds of derivative contracts have the largest (notional) dollar transaction volume in practice?

I. Options

II. Forwards

III. Futures

IV. Swaps

III and IV

II and IV

II and III

I and II

I and IV

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