Which of the following describes a long position in an option?
A. A position where there is more than one year to maturity
B. A position where there is more than five years to maturity
C. A position where an option has been purchased
D. A position that has been held for a long time
C
A long position is a position where an option has been purchased. It can be contrasted with a short position which is a position where an option has been sold.
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Which of the following recognizes the intellectual property licensing of copyrights by all the signatory nations to the act?
a. The Madrid Convention b. The Export Administration Act of 1985 c. The Berne Convention Implementation Act of 1988 d. The International Emergency Economic Powers Act of 1977