An option that can be exercised any time before expiration date is called:
A) an European option
B) an American option
C) a call option
D) a put option

Question

Quizplus · Accepted Answer

An option that can be exercised any time before expiration date is called an American option. This is in contrast to a European option, which can only be exercised on the expiration date. The terms "call option" and "put option" refer to the types of contracts and do not indicate whether they are American or European.

An Option That Can Be Exercised Any Time Before Expiration