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

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Definitions:

Diego Rivera

A prominent Mexican painter and muralist, known for his large frescoes that helped establish the Mexican Mural Movement.

Depression-Era Artist

An artist active during the Great Depression who often depicted the struggles, socioeconomic challenges, and resilience of people during that period.

Ben Shahn

An American artist of Lithuanian Jewish descent, known for his works of social realism and left-wing political views.

Massachusetts

A state in the northeastern United States, known for its significant historical sites related to the early colonization of America.