The First State to Hold a Direct Primary in a Presidential

question 31

Multiple Choice

The first state to hold a direct primary in a presidential election was ______________.

• A) Wisconsin
• B) Illinois
• C) Wyoming
• D) New York
• E) Florida

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Definitions:

American Call Option

A type of options contract that gives the holder the right, but not the obligation, to buy a specific amount of a security at a specified price within a specified time period.

Underlying Asset

The specific security, commodity, or other financial instrument that a financial derivative, such as an option or futures contract, is based upon.

American Call Option

A financial derivative that gives the buyer the right, but not the obligation, to buy a security at a specified price within a certain time frame.

Exercise Price

The fixed price at which the holder of an options contract can buy (in the case of a call) or sell (in the case of a put) the underlying security or commodity.