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An ________ Option Can Be Exercised Only on Its Expiration

question 50

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An ________ option can be exercised only on its expiration date, whereas an ________ option can be exercised anytime between the date of writing up to and including the exercise date.


Definitions:

Influenced

To have an effect on the character, development, or behavior of someone or something, or the effect itself.

Rectangular Format

A shape or layout that is longer in length than in height or width, common in paintings, photographs, and screens.

Abstract Artist

An artist who creates works of art that do not attempt to represent external reality directly, but instead use shapes, colors, forms, and gestural marks to achieve its effect.

Christo and Jeanne-Claude

A pair of artists known for their large-scale environmental and wrapping projects, including the wrapping of the Reichstag and the Pont-Neuf.

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