When Was the Endangered Species Act Originally Passed and What

question 18

Multiple Choice

When was the Endangered Species Act originally passed and what was its purpose?

• A)1920 for the purpose of listing all plant and animal species that are endangered.
• B)1935 for the purpose of limiting the amount of development on federal lands.
• C)1973 authorizing the FWS to protect endangered and threatened species in the U.S. and abroad.
• D)1999 sanctioning urban development after examining area for endangered species
• E)2010 for the purpose of providing legal protection to listed endemic species

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Definitions:

Strike Price

The price at which the holder of an option contract can buy (in the case of a call option) or sell (in the case of a put option) the underlying asset.

Risk-free

An investment category that promises return payments with zero default risk, often exemplified by treasury bonds of stable governments.

Call Option

A financial contract giving the buyer the right, but not the obligation, to purchase an asset at a specified price within a specific time period.

Put

A put is an options contract giving the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a predetermined price before the contract expires.