单选题 Default risk in a forward contract: A. only applies to the long, and is the probability that the short can not acquire the asset for delivery. B. is the risk to either party that the other party will not fulfill their contractual obligation. C. is lessened by the mark-to-market feature found in a typical forward contract.

【正确答案】 B

【答案解析】Default risk in forward contracts is the risk to either party that the other party will not perform, whether that means pay cash or deliver the asset. Mark-to-market payments as the asset price changes are a feature of futures (not forward) contracts.