According to the Varying Abstraction Model (VAM),prototypes and Exemplars Are

question 71

Multiple Choice

According to the Varying Abstraction Model (VAM) ,prototypes and exemplars are simply two extremes on a continuum of abstraction with exemplars nearer the ______ end of the spectrum and prototypes nearer the ______ end of the spectrum.

• A)concrete;abstract
• B)featural;concrete
• C)abstract;averaged
• D)averaged;featural

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Definitions:

Put Option

A put option is a financial contract that gives the holder the right to sell an asset at a specified price within a specific time period.

American Put Option

A type of put option that can be exercised at any time before its expiration date, allowing the holder to sell the underlying asset at the strike price.

Underlying Asset

The financial asset upon which a derivative's value is based, such as stocks, bonds, commodities or currencies.

Black-Scholes

A mathematical model used to price European options, evaluating their potential value by factoring in volatility, asset price, time, and risk-free rate.