A _____ Is a Derivative Security That Gives the Owner

question 71

Multiple Choice

A _____ is a derivative security that gives the owner the right, but not the obligation, to sell an asset at a fixed price for a specified period of time.

• A)futures contract
• B)call option
• C)put option
• D)swap
• E)forward contract

---

Definitions:

Jeffrey Sachs

An American economist known for his work on sustainable development, poverty alleviation, and as a special advisor to the United Nations.

Foreign Aid

Financial assistance provided by one country to another, often for developmental or humanitarian purposes.

Market Economies

Economic systems in which decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.

Multilateral Aid

Financial assistance provided by multiple governments or organizations to support economic development and welfare in developing countries.