单选题 On the settlement date of a forward contract:

A、 the short may be required to sell the asset.
B、 the long must sell the asset or make a cash payment.
C、 at least one party must make a cash payment to the other.

【正确答案】 A

【答案解析】A forward contract may call for settlement in cash or for delivery of the asset but does not typically contain an option to do one or the other. Under a deliverable contract, the short is required to deliver the asset at settlement, not to make a cash payment.