Describe the features of a futures contract that make it, Financial Management

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Describe the features of a futures contract that make it

1. Describe the features of a futures contract that make it more liquid than a forward contract.

2. Explain the features of a futures contract that make it have less credit risk than a forward contract.

3. Why is fungibility an important feature of futures contracts?

4. Describe the delivery process for futures contracts. Why does delivery rarely take place in futures contracts?

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Financial Management: Describe the features of a futures contract that make it

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