In the Options Market,a Put Option Gives the Right to Sell

question 11

True/False

In the options market,a put option gives the right to sell and a call option gives the right to buy currency.

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Definitions:

Liability

Legal responsibility for one's actions or inactions, which may lead to legal or financial penalties.

Bailed Goods

Goods that are delivered to a party (the bailee) for a specified purpose under a contract of bailment, without transfer of ownership.

Uniform Transfers to Minors Act

A statute that allows minors to receive gifts or inheritance in a custodianship until they reach a certain age.

Minor

An individual under the legal age of majority, typically 18 years, who has limited legal rights and responsibilities.