问题
单项选择题
Over-the-counter derivatives:()
A. carry no default risk.
B. have good liquidity in the over-the-counter (OTC) market.
C. are customized contracts.
答案
参考答案：C
解析：
OTC derivative contracts (securities) are customized and have poor liquidity. The contract is with a specific counterparty and there is default risk since there is no clearinghouse to guarantee performance.