When You Own _______,There Is No Obligation on Your Part;however,when

question 35

Multiple Choice

When you own _______,there is no obligation on your part;however,when you own _______,there is an obligation on your part.

• A) call options;put options
• B) futures contracts;call options
• C) forward contracts;futures contracts
• D) put options;forward contracts

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Definitions:

Hypothetical Imperative

A command of reason that applies conditionally, suggesting an action to achieve a specific end, as opposed to a categorical imperative which is unconditional.

Humanity

The collective human race or the qualities, such as compassion and kindness, that are considered characteristic of humans.

Moral Law

The principles concerning the distinction between right and wrong behavior, often considered as inherent to human nature or divine command.

Law of Reason

A philosophical idea that moral and legal norms should be grounded in rational thought and logic.