An ________ Option Can Be Exercised Only on Its Expiration

question 57

Multiple Choice

An ________ option can be exercised only on its expiration date,whereas a/an ________ option can be exercised anytime between the date of writing up to and including the exercise date.

• A) American; European
• B) American; British
• C) Asian; American
• D) European; American

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Definitions:

Gross Pay

The total amount of money an employee earns before any deductions or taxes are applied.

Pay Net of Taxes

The amount of salary or wages that an employee takes home after all deductions, including taxes, are subtracted from their gross pay.

Take-Home Pay

The net amount of income that an employee receives after deductions such as taxes and social security contributions have been removed.

Salaries Payable

A current liability account that records the amounts owed to employees for services rendered but not yet paid.