At the End of the Life of the Contract

question 37

Multiple Choice

At the end of the life of the contract,

• A) a future may expire with no action taking place.
• B) an option may expire with no action by the buyer or seller.
• C) the life of the future may be extended.
• D) both the buyer and seller of an option must transfer the stock.

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Definitions:

Classical Conditioning

A learning process where a neutral stimulus becomes associated with a meaningful stimulus and acquires the capacity to elicit similar responses.

Rescorla

A psychologist notable for his work with Robert A. Wagner on a model of classical conditioning that emphasizes the importance of the cognitive aspect of learning.

Prediction

A statement about what will happen in the future based on current understanding or analysis.

Stimulus Generalization

The tendency for the learned response to stimuli similar to the original conditioned stimulus to elicit similar responses.