What is one way that futures differ from forward contracts? ...
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What is one way that futures differ from forward contracts?
| a. | Futures represent an obligation to buy or sell the underlying asset at a specified price, while forwards do not. | |
| b. | Futures are generally more customizable than forwards. | |
| c. | Futures are typically settled only at expiration, while forwards are settled daily through marking to market. | |
| d. | Futures are typically traded on exchanges, while forwards are usually traded over-the-counter. |
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