A European Option Can Only Be Exercised at the Expiration

question 14

True/False

A European option can only be exercised at the expiration date, while an American option can be exercised any time prior to the expiration date.

---

Definitions:

Micron

A unit of length in the metric system equal to one millionth of a meter, also known as a micrometer.

Antonie Van Leeuwenhoek

A Dutch scientist known as the "Father of Microbiology" for his pioneering work with microscopes and discovery of microbial life.

Microscope

An optical instrument used for viewing very small objects, such as mineral samples or living cells, typically magnified several hundred times.

Membranous Envelope

A lipid bilayer that surrounds certain viruses and organelles, providing protection and assisting in processes like fusion and entry into cells.