Unlike the Owner of A(n) ________ Contract, the Owner of A(n)

question 98

Multiple Choice

Unlike the owner of a(n) ________ contract, the owner of a(n) ________ contract does not have to exercise it

• A) put, call
• B) option, futures
• C) futures, option
• D) long, short

---

Definitions:

Journal Entry

The act of recording a transaction into the financial records of a company, detailing debits and credits in an accounting journal.

Deposit Recorded

The process of logging cash or checks received into the accounting records of a business or financial institution.

Outstanding Checks

Checks that have been written and recorded in the issuing company’s ledger but have not yet been cashed or cleared by the bank.

Journal Entry

A record of a financial transaction in accounting, detailing the accounts affected and the amounts.