The Four Basic Consumer Rights Are: the Right to Be

question 146

Multiple Choice

The four basic consumer rights are: the right to be informed,the right to be heard,the right to be safe,and:

• A)the right to feedback.
• B)the right to choose freely.
• C)the right to sue.
• D)the right to demand.

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Definitions:

Option

An option is a financial derivative that gives the holder the right, but not the obligation, to buy or sell an asset at a predetermined price within a specified timeframe.

European Call Option

A financial contract that gives the buyer the right, but not the obligation, to buy a certain asset at a specified price (strike price) on a specified date.

Strike Price

The specified price at which the holder of a financial option can buy (in the case of a call option) or sell (in the case of a put option) the underlying asset.

European Put Option

A contract that gives the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a predetermined price on or before a specified date.