The Number of Option Contracts Outstanding at Any Given Time

question 37

True/False

The number of option contracts outstanding at any given time is called the open interest.

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Definitions:

Cash

A company's most liquid asset, representing currency or assets that can be immediately converted into currency.

Sales Tax Payable

A liability account that represents the sales tax collected from customers by a selling entity and owed to the tax authority.

Cash

Money in the form of currency, which includes bills, coins, and money in bank accounts that is available for immediate use.

Current Liabilities

Short-term financial obligations that are due within one year or within a normal operational cycle.