The Reason Galleons and Caravels Were Made So Large in This

question 75

True/False

The reason galleons and caravels were made so large in this period was to make it possible to arm them more heavily.

---

Definitions:

Exercise Price

The price at which the holder of an option can buy (in the case of a call option) or sell (in the case of a put option) the underlying security or commodity.

Exercise Price

The price at which the holder of an option can buy (call option) or sell (put option) the underlying asset.

Time Value

The portion of an option's premium that is attributable to the amount of time remaining until the expiration of the option.

Call Option

An economic agreement granting the purchaser the choice, but not the duty, to acquire a stock, bond, commodity, or any asset at a previously determined price within a set period.