The Standardization of Option Contracts and the Creation of the Options

question 120

True/False

The standardization of option contracts and the creation of the Options Clearing Corporation are two important results of the opening of the Chicago Board of Options Exchange.

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Definitions:

Appraiser

A professional who assesses the value of a particular item, often for property, art, or antiques.

Original Owners

The first owners or proprietors of an asset or property.

New Crankshaft

A component of an engine which translates the linear motion of pistons into rotational motion, with the term specifically referring to a brand-new or freshly manufactured crankshaft.

Used Cars

Used cars that were once registered and are now on the market for purchase, typically at a reduced cost compared to brand-new vehicles.