An Agreement That Grants the Owner the Right, but Not

question 51

Multiple Choice

An agreement that grants the owner the right, but not the obligation, to buy or sell a specific asset at a specified price during a specified time period is called a(n) ________ contract.

• A)futures
• B)obligatory
• C)quoted
• D)fixed
• E)option

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Definitions:

Greeting

A polite word or sign of welcome or recognition offered upon meeting or arriving.

Assertive

Describes a communication style characterized by confidence and directness in expressing needs, wishes, or concerns without being aggressive.

State Consequences

To clearly outline or explain the outcomes or repercussions of actions or decisions.

Creative Thinking

The ability to think in novel and unusual ways to come up with unique solutions to problems.