Barrier Options Either Begin or End When the Stock Hits

question 1

True/False

Barrier options either begin or end when the stock hits a certain price.

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Definitions:

Negotiable Instrument

A document in writing that promises to pay a certain sum of money, either upon request or at a predetermined date, with the person responsible for payment identified on the document.

Delivered

Refers to goods, documents, or other items that have been transported and handed over to the person they were intended for.

Conditional Endorsement

An endorsement whereby payment can be made only on the fulfillment of a predecided condition, such as painting one’s house.

Negotiability

The ability of a document or instrument to be legally and freely transferred from one party to another.