Louise Just Purchased 3 Call Option Contracts on GE Stock

question 20

Multiple Choice

Louise just purchased 3 call option contracts on GE stock.How many shares of stock can she buy at the strike price based on these contracts?

• A)3
• B)30
• C)300
• D)30,000
• E)300,000

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Definitions:

Pleasure Principle

A psychoanalytic concept that suggests the driving force of behavior is the desire to maximize pleasure and avoid pain, guiding the id aspect of personality.

Id

In psychoanalytic theory, the part of the mind in which innate instinctive impulses and primary processes are manifest.

Schema

A cognitive framework or concept that organizes and interprets information in the brain, influencing perception and understanding.

Ego

In psychoanalytic theory, the part of the personality that mediates between the demands of the id, the superego, and reality. It's involved in our sense of personal identity and our conscious decision-making.