An option that can be exercised at any time up to maturity is called a(n) ________
A) swap
B) stock option
C) European option
D) American option
D
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Which of the following is most likely to cause global economic migration of people to more developed countries?
A) decreasing number of middle-class consumers B) graying population in developed countries C) low birthrate in undeveloped countries D) large wealth in emerging markets
Which of the following best defines false pretenses?
A) It is the material altering of anything in writing that, if genuine, might be the foundation of a legal liability. B) It is a designed misrepresentation of existing facts or conditions by which a person obtains another's money or goods. C) It is the making of an entry into the books of a bank or corporation that is designed to represent the existence of funds that do not exist. D) It is the suppression of a material fact that the person is legally bound to disclose.