A Contract That Results in the Delivery of a Futures

question 20

Multiple Choice

A contract that results in the delivery of a futures contract when exercised is a

• A)put option.
• B)call option.
• C)naked option.
• D)futures option.
• E)credit spread call option.

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Definitions:

Concentrate

To increase the strength or proportion of a substance by reducing its volume, typically by evaporation or by removing water.

Infrastructure

The fundamental physical and organizational structures and facilities (e.g., buildings, roads, power supplies) needed for the operation of a society or enterprise.

Extraocular

Outside the eyeball, often relating to the muscles that control the movements of the eye.

Polydactyly

A congenital physical anomaly in humans and animals resulting in more than the usual number of fingers or toes.