The Entity That Acts as the Guarantor of Each CBOE-Traded

question 45

Multiple Choice

The entity that acts as the guarantor of each CBOE-traded contract is the

• A) Federal government
• B) Securities and exchange commission
• C) CBOE
• D) Options clearing corporation
• E) Federal reserve bank

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Definitions:

Coverdell Education Savings Account

A tax-advantaged savings account designed to fund education expenses, offering tax-free growth and withdrawals for qualifying educational costs.

Tax-Deductible

Expenses that can be subtracted from one's taxable income, effectively reducing the tax liability.

SIMPLE Plan

Savings Incentive Match Plan for Employees, a type of tax-deferred employer-provided retirement plan that allows small businesses to set aside money and invest it for employees.

Vested

A status where an employee has earned the right to keep benefits, often pertaining to retirement plans, regardless of employment status.