Which of the below mentioned contract is a standardized contract?

Name: Which of the below mentioned contract is a standardized contract?
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Question

Quizplus · Accepted Answer

Futures contracts are standardized in terms of their contract size, expiration, and settlement, making them highly regulated and traded on exchanges. Forward contracts, in contrast, are private agreements between two parties and can be customized to their specific needs, hence not standardized.

Which of the Below Mentioned Contract Is a Standardized Contract