If You Purchase the Right to Sell a Share of IBM

question 33

Multiple Choice

If you purchase the right to sell a share of IBM stock for a set price for a fixed period of time,then you have

• A) sold a call option.
• B) purchased a call option.
• C) purchased a put option.
• D) sold a put option.

---

Definitions:

Unit of Meaning

The smallest segment of a sentence or discourse that conveys a specific idea or meaning.

Cognitive Schema

A mental framework that organizes and interprets information in the brain, helping individuals understand the world around them.

Developing Concepts

The process of forming ideas or understanding based on the categorization and generalization of objects, events, or situations.

Vehicle

A means of transporting people or goods from one place to another, such as a car, bicycle, or airplane.