An Agreement That Grants Its Owner the Right, but Not

question 25

Multiple Choice

An agreement that grants its owner the right, but not the obligation, to buy or sell a specific asset at a specific price for a set period of time is called a(n) ________ contract.

• A) option
• B) forward
• C) futures
• D) swap
• E) spot

---

Definitions:

St. Vincent de Paul

A Catholic voluntary organization dedicated to the service of the poor, established by Frederic Ozanam and named after the saint known for his charity.

Psychopathology

The study of mental disorders and abnormalities, including their symptoms, causes, and treatments.

Four Humours

A historical medical theory postulating that health and temperament depend on the balance of blood, phlegm, yellow bile, and black bile in the body.

Psychological Abnormality

A condition characterized by thought, feeling, or behavior patterns considered outside societal norms, often leading to distress or impaired functioning.