An Option That Can Be Exercised Any Time Before Its

question 8

Multiple Choice

An option that can be exercised any time before its expiration date is called:

• A)a European option.
• B)an American option.
• C)a call option.
• D)a put option.

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Definitions:

House of Commons

The lower house of the Parliament of the United Kingdom, consisting of Members of Parliament elected to represent constituencies.

Seven Years' War

A global conflict fought between 1756 and 1763, involving most of the great powers of the time and affecting Europe, North America, Central America, the West African coast, India, and the Philippines.

Declaration of Independence

A historic document adopted on July 4, 1776, by the Second Continental Congress, announcing the thirteen American colonies' separation from Great Britain.

Stamp Act Congress

A meeting held in 1765 in New York City by representatives from the American colonies to protest against the British Stamp Act, an early form of organized resistance against British policy.