The forward contract differs from a futures contract in that:
a. the forward contract is to be settled immediately.
b. the futures contract specifies a fixed amount and arranged date, whereas the forward contract can be for any amount or date.
c. the futures contract cannot be traded in a market, whereas the forward contract can be bought in the market.
d. forward contracts are standardized, whereas futures contracts are not standardized.
Ans: b. the futures contract specifies a fixed amount and arranged date, whereas the forward contract can be for any amount or date.
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