An Option That May Be Exercised at Any Time Up

question 26

Multiple Choice

An option that may be exercised at any time up to its expiration date is called a(n) _____ option.

• A) futures
• B) Asian
• C) Bermudan
• D) European
• E) American

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Definitions:

Roundabout Construction

The process of building a circular intersection or junction in which road traffic flows almost continuously in one direction around a central island.

Angry

An emotional state characterized by feelings of displeasure, irritation, or hostility.

Contact

The act of communication or interaction between individuals, or the information needed to initiate such communication.

Topic Sentence

A sentence that expresses the main idea of a paragraph or section of a text.