A Multivariate Option That Has a Claim with a Payoff

question 19

Multiple Choice

A multivariate option that has a claim with a payoff determined by the average of two or more asset prices is known as:

• A) Basket options
• B) Multioptions
• C) Quantos options
• D) Rainbow options

---

Definitions:

Cerebral Cortex

The outer layer of the brain's cerebrum, involved in complex brain functions like thought, memory, and consciousness.

Color Vision

Color vision is the ability of the eye and brain to distinguish objects based on the wavelengths of the light they reflect, transmit, or emit, allowing us to perceive different colors.

Vision Deficiency

A broad term covering any type of impairment in vision that cannot be corrected completely with glasses, contact lenses, or surgery.

Rods

Photoreceptor cells found in the retina of the eye that are responsible for vision at low light levels.