An option is a contract that gives its holder the right to buy or sell an asset at a predetermined price within a specified period of time.

Name: An option is a contract that gives its holder the right to buy or sell an asset at a predetermined price within a specified period of time.
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Question

Quizplus · Accepted Answer

This statement is true. An option is a financial instrument that provides the holder with the right, but not the obligation, to buy or sell an asset at a predetermined price within a specified period of time.

An Option Is a Contract That Gives Its Holder the Right