Forward contracts are usually negotiated with a commercial bank, while futures contracts are traded on an organized exchange.

Name: Forward contracts are usually negotiated with a commercial bank, while futures contracts are traded on an organized exchange.
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This is true. Forward contracts are typically arranged between two parties, often with the assistance of a commercial bank. Futures contracts, on the other hand, are traded on organized exchanges.

Forward Contracts Are Usually Negotiated with a Commercial Bank, While