单选题

In contrast to over-the-counter options, futures contracts:

A、 are not exposed to default risk.
B、 are private, customized transactions
C、 represent a right rather than a commitment.

【正确答案】 A

【答案解析】

A is correct. Over-the counter options are exposed to default risk but futures contracts are standardized transactions that take place on futures exchanges and are not exposed to default risk.