A Forward Contract Is an Agreement Between Two Parties to Buy

A forward contract is an agreement between two parties to buy or sell an asset at a pre-agreed future point in time at a pre-agreed price. What of the following statements is true?

A) A futures contract is more unpredictable than a forward contract.
B) A futures contract is standardized while each forward contract is unique.
C) A futures contract is a forward contract that is traded on an exchange.
D) A futures contract almost has no risk of default, while a forward contract has some risk of default involved.
E) All correct.