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Some Migratory Birds That Fly During the Day Position Themselves

question 77

Multiple Choice

Some migratory birds that fly during the day position themselves using the location of the Sun in conjunction with an internal biological clock. This wayfinding mechanism is called ____.


Definitions:

Call Option

A financial contract that gives the buyer the right, but not the obligation, to buy an asset at a specified price within a specified period.

Premium

The amount paid for an option or insurance policy over its intrinsic value or the amount by which the price of a bond exceeds its face value.

Exercise Price

The price level at which an option owner has the right to carry out a purchase (for calls) or a sale (for puts) of the asset in question.

Premium

The amount by which the price of a financial instrument or asset exceeds its face value or the cost above the normal or standard rate.

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