The Three Most Important Symmetric Block Ciphers Are: Triple DES

question 25

Short Answer

The three most important symmetric block ciphers are: triple DES (3DES), the Advanced Encryption Standard (AES), and the ___________ .

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Definitions:

European Option

Option that can be exercised only on the expiration date.

Expiration Date

The last day on which an option can be exercised.

Underlying Asset

The financial instrument (e.g., stock, bond, commodity) upon which a derivative's price is based.

American Put Option

A financial derivative that gives the holder the right to sell an asset at a specified price within a specified time.