question 1 of 9\nwhat is one big difference between futures and forwards?\nfutures are traded on…

question 1 of 9\nwhat is one big difference between futures and forwards?\nfutures are traded on exchanges.\nforwards are contracts you send my email.\nfutures involve using a crystal ball.\nonly futures can be used for commodity risk management

question 1 of 9\nwhat is one big difference between futures and forwards?\nfutures are traded on exchanges.\nforwards are contracts you send my email.\nfutures involve using a crystal ball.\nonly futures can be used for commodity risk management

Answer

Brief Explanations:

Futures are standardized contracts traded on organized exchanges. Forwards are over - the - counter contracts between two parties. The option stating futures are traded on exchanges is correct. The other options are incorrect as forwards are not contracts sent via email, futures don't involve using a crystal ball, and both futures and forwards can be used for commodity risk management.

Answer:

Futures are traded on exchanges.