QUESTION 24

Which of the following statements

are correct?

a.    Future

contracts are traded on a formal exchange.

b.    Forward

contracts are traded over the exchange.

c.     Forward

contracts are not traded over-the-counter.

d.    Forward

contracts are traded over-the-counter.

1.    A and B

2.    A and C

3.    B and C

4.    A and D