单选题

Which of the following statements about forward and future contracts is FALSE?（）

A、 A future requires the contract purchaser to receive delivery of the good at a specified time.
B、 The future value of a financial derivative depends on the value of its underlying asset.
C、 The primary difference between forwards and futures is that only futures are considered financial derivatives.

【正确答案】 C

【答案解析】

Forwards and futures are similar and serve similar needs. Both are considered types of financial derivatives in that payoffs depend on another financial instrument or asset. The primary difference is that forwards are designed for the needs of the particular parties entering the contract, where futures are standardized contracts.