Answer: Range of delivery dates

The correct answer is **A. Range of delivery dates**. A futures contract typically has: - Standardized terms - A range of delivery dates, or a delivery month - Daily settlement through marking-to-market - Very limited counterparty risk because of the clearinghouse It is not usually described as having significant counterparty risk, and it is generally not just settled once at the end of the contract.

Author: Manit Arora