CFA Practice Question

There are 206 practice questions for this study session.

CFA Practice Question

Futures contracts differ from forward contracts in the following ways ______.

I. Futures contracts are standardized.
II. For futures, performance of each party is guaranteed by a clearinghouse.
III. Futures contracts require a daily settling of any gains or losses.
A. I and II only
B. I and III only
C. I, II, and III

User Contributed Comments 2

User Comment
Beret I think II is wrong. the "performance" is not guaranteed. But the "payments" of the counterparty are
mtwash here the performance means payment by counterparty.
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