A(n) ________ contract creates the right-but not the obligation-to buy or sell a specific amount of a commodity at a fixed price within an agreed-upon period of time.

Question

Quizplus · Accepted Answer

An option contract grants the holder the right, but not the obligation, to buy or sell a specific amount of a commodity at a fixed price within an agreed-upon period of time, distinguishing it from other types of financial contracts by providing this flexibility.

A(n) ________ Contract Creates the Right-But Not the Obligation-To Buy