What is the difference between a currency futures contract and a swap?
A. A currency futures contract is an option not an obligation, while a swap is an obligation
B. A swap is an option not an obligation, while a currency futures contract is an obligation
C. The currency pair is exchanged on a future delivery date in a currency futures contract, while the currency pair is exchanged immediately or within a very short period with a swap
D. The price is determined on the delivery date in a currency futures contract, while the price is determined at signing with a swap
Answer: C. The currency pair is exchanged on a future delivery date in a currency futures contract, while the currency pair is exchanged immediately or within a very short period with a swap