Examlex

Solved

Jim Wants to Develop an App for a Specific Purpose

question 33

Multiple Choice

Jim wants to develop an app for a specific purpose that would run even when his computer is not connected to the Internet.What type of app should he develop?


Definitions:

Call Contract

A financial contract that gives the holder the right, but not the obligation, to buy a stock, bond, commodity, or other asset at a specified price within a specific time period.

Option Contract

An agreement that gives the owner the right, but not the obligation, to buy or sell a specific asset at a specific price for a set period of time.

Put Options

Financial contracts giving the owner the right, but not the obligation, to sell a specified amount of an underlying asset at a predetermined price within a specified time frame.

Exercise Price

The price set for buying or selling an asset under the terms of an options contract.

Related Questions