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which one of the following is a difference between a forward contract and a futures contract? group of answer choices the price of the asset exchanged is determined when a forward contract is entered while the price is set on the exchange date for a futures contract. forward contracts are based on commodities while futures contracts are based on financial instruments. futures contracts are managed through an organized exchange while forward contracts are not. a forward contract is a formal agreement while a futures contract is an informal agreement. there are no differences between forward and futures contracts.

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