Which of the following is true about forwards and futures Select one: 1. Futures are more customizable than are forwards 2. Futures ensure a more perfectly matched hedge than do forwards 3. Forwards are more liquid than are futures 4. Forwards and futures give holders the right but not the obligation to buy the underlying currency 5. Futures have more default risk on average 6. Two of the above (from 1-5) 7. Three of the above (from 1-5) 8. Four of the above (from 1-5) 9. All of the above (from 1-5) 10. None of the above (from 1-5)