Which One of the Following Statements Concerning Financial Futures Is

Which one of the following statements concerning financial futures is correct?

A) Except for short-term securities, interest rate futures are quoted based on a percentage of the par value of the underlying debt security.
B) Stock-index futures are priced at an amount equal to the value of the index.
C) Foreign currency futures are based on 100,000 units of the foreign currency.
D) An investor who is long on a financial future loses money when the value of the future rises.