CFA一級衍生品真題1：Which of the following statements describe the exchange-traded derivatives is the most accurate?
A. They are illiquid.
B. They are standardized contracts.
C. They have significant default risk.
Solution: B
CFA一級衍生品真題2：A contract has no contingent claim and is over the counter traded. Which of the following contract satisfies the characteristics?
A. Forward.
B. Option.
C. Futures.
Solution: A
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