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Basic Question 10 of 11
Futures contracts differ from forward contracts in which of the following ways?
II. Futures contracts require a daily settling of any gains or losses.
III. Futures contracts are standardized.
I. Performance of each party in a futures transaction is guaranteed by a clearinghouse.
II. Futures contracts require a daily settling of any gains or losses.
III. Futures contracts are standardized.
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Learning Outcome Statements
define forward contracts, futures contracts, swaps, options (calls and puts), and credit derivatives and compare their basic characteristics
CFA® 2025 Level I Curriculum, Volume 5, Module 2.