An Option That May Be Exercised at Any Time Up

question 434

Multiple Choice

An option that may be exercised at any time up to its expiration date is called a(n) :

• A) Futures option.
• B) Asian option.
• C) Bermudan option.
• D) European option.
• E) American option.

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Definitions:

Common Ancestry

The shared genetic heritage or lineage among individuals or species.

Phratry

A social unit or grouping in some tribal societies based on clan affiliations or kinship, often involved in ceremonies and mutual aid.

Eskimo System

In kinship terminology, a system emphasizing the nuclear family by specifically identifying the mother, father, brother, and sister, while lumping together all other relatives into broad categories such as uncle, aunt, and cousin; also known as the lineal system.

Kinship Terminology

The system of terms used in a particular culture to denote familial relationships, such as mother, father, cousin, etc.