单选题 Over-the-counter derivatives: A. carry no default risk. B. have good liquidity in the over-the-counter (OTC) market. C. are customized contracts.

【正确答案】 C

【答案解析】OTC derivative contracts (securities) are customized and have poor liquidity. The contract is with a specific counterparty and there is default risk since there is no clearinghouse to guarantee performance.