Steve Recently Sold an Option That Requires Him to Purchase

question 4

Multiple Choice

Steve recently sold an option that requires him to purchase 100 shares of Omega stock at $40 a share should the option owner decide to exercise the option.What type of option contract did Steve sell?

• A)futures option
• B)call option
• C)put option
• D)straddle
• E)strangle

Distinguish between natural abilities, skills, and personal traits.

Appreciate the importance of communication and other transferable skills in the workplace.

Understand the concepts of experiential learning and how they contribute to career goals.

Know the significance of personal branding and marketing oneself effectively.

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Definitions:

Peer Lending

A financial transaction in which individuals lend money to each other directly, often facilitated by an online platform, bypassing traditional financial intermediaries.

Savings Deposits

Accounts in financial institutions that allow individuals to deposit money and earn interest over time.

Import Substitution

An industrial trade strategy that favors developing local industries that can manufacture goods to replace imports.

Export Promotion

A trade policy designed to encourage exports.