Which of the Following Grants Its Owner the Right to Purchase

question 106

Multiple Choice

Which of the following grants its owner the right to purchase an asset at a stated price?
I.American call
II.European call
III.American put
IV.European put

• A)I only
• B)I and II only
• C)I and III only
• D)II and IV only
• E)III and IV only

---

Definitions:

Noun Clause

A dependent clause that functions as a noun within a larger sentence, often starting with words like "that," "whom," or "where."

Restrictive

Pertains to a limiting or controlling condition or rule.

Nonrestrictive

Descriptive text that provides additional information but is not essential to the meaning of the sentence.

Carbonic Acid

A weak, unstable acid (H2CO3) formed in solution when carbon dioxide dissolves in water and participates in the carbonate buffer system in blood.