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Which of the following statements is most correct? (a) One advantage of forward contracts is that they are default free. (b) Futures contracts generally trade on an organized exchange and are marked to market daily. (c) Goods are never delivered under forward contracts but are almost always delivered under futures contracts. (d) There are futures contracts for currencies but no forward contracts for currencies. (e) Futures contracts don't have any margin requirements but forward contracts do.

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Category:- Financial Management
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