The primary difference between an American and European option is:
A) American options must be exercised on the expiration date
B) European options must be exercised on the expiration date
C) American options may be exercised at any point up until the expiration date
D) European options may be exercised at any point up until the expiration date
C
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The number of brands of identical products will most likely increase as
A) the number of informed consumers increases. B) the cost of producing many brands decreases. C) the number of uninformed consumers decreases. D) None of the above.
The demand for agricultural products:
A. has a price elasticity coefficient of about 0.20 to 0.25. B. is elastic with respect to income but inelastic with respect to price. C. has been decreasing about 8 percent per year. D. has been rising more rapidly than the national income.