The Options Clearing Corporation (OCC)

question 60

Multiple Choice

The Options Clearing Corporation (OCC) :

• A) always has a net position of zero.
• B) acts as a dealer in options, standing ready to buy or sell from its inventory.
• C) selects the broker with the largest holdings to honor the exercise of an option.
• D) uses first in, first out to select a broker to honor the exercise of an option.

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Definitions:

Geologic Structures

The arrangements and relations of rocks, including folds, faults, and layers, shaped by geological forces.

Cross Section

A diagram or slice that shows the internal structure of something, often used in geological contexts to illustrate the arrangement of rock layers.

Calderas

Large, circular depressions formed when a volcano collapses into a void left after the eruption and evacuation of its magma chamber.

Folds

Folds are bends in rock layers or strata, resulting from compressional forces and pressure, integral to the study of structural geology and mountain building.