The Options Clearing Corporation (OCC) Acts as the Guarantor of Each

question 58

True/False

The Options Clearing Corporation (OCC) acts as the guarantor of each Chicago Board Options Exchange (CBOE) traded contract.

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Definitions:

Volcanic Rock

Rock formed from magma erupted from a volcano or solidified lava on the earth's surface.

Continent

One of the very large landmasses on Earth, generally identified by convention rather than any strict criteria, with seven commonly recognized: Africa, Antarctica, Asia, Europe, North America, Australia (Oceania), and South America.

Fortress Town

A type of town designed and built with defensive structures such as walls, ramparts, and moats, to protect its inhabitants from enemy attacks.

Jericho

One of the oldest inhabited cities in the world, located in the West Bank, known for its ancient fortifications and biblical significance.