If You Want the Right, but Not the Obligation, to Buy

question 11

Multiple Choice

If you want the right, but not the obligation, to buy a stock at a specified price you should:

• A)buy a call.
• B)sell a call.
• C)buy a put.
• D)sell a put.
• E)either sell a call or buy a put.

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Definitions:

Executive Action

Refers to measures or decisions taken by the executive branch of government, often by a president, governor, or other executive authority.

Strict Scrutiny

A form of judicial review that courts use to determine the constitutionality of certain laws, requiring the law to serve a compelling state interest by the least restrictive means.

Interstate Travel

Moving or transporting people or goods between different states within a country.

Right to Vote

The legal privilege or entitlement of citizens to participate in the electoral process, casting ballots to elect representatives or decide on public issues.