An Option That Can Be Exercised at Any Time Up

question 85

Multiple Choice

An option that can be exercised at any time up to maturity is called a(n) ________.

• A) swap
• B) stock option
• C) European option
• D) American option

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Definitions:

Mare

A dark, low-lying, relatively smooth area on the Moon consisting of basalt.

Lunar Highlands

Rough, mountainous regions on the moon's surface, characterized by their lighter color and higher altitude than the lunar maria.

Mare

Latin for "sea," often used to describe the large, dark basaltic plains on the Moon, formed by ancient volcanic eruptions.

Lunar Highlands

Elevated, mountainous regions on the moon's surface, characterized by high albedo, heavy cratering, and made predominantly of anorthosite.