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Jerry Is a Grade 1 Student Who Struggles with Addition

question 53

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Jerry is a grade 1 student who struggles with addition and subtraction. His math tutor has taught him a popular method to assist Jerry with his challenges. What is this simple method of solving addition problems that will benefit Jerry?


Definitions:

Option Clearing Corporation

The organization responsible for ensuring the proper settlement of options contracts and mitigating counterparty risk in the options market.

Post Margin

The amount of collateral a participant must deposit with a clearinghouse to cover potential future losses on positions.

Purchased

The act of acquiring ownership of an asset in exchange for payment.

Digital Option

A type of option that pays either a fixed amount of cash or nothing at all, depending on whether a certain condition is met at expiration.

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