A contract representative of the whole stock market in which no securities, only cash, are delivered to settle the contract is known as a:

Question

Quizplus · Accepted Answer

A stock index option is a financial derivative that represents a contract to buy or sell the value of a specific stock index. It settles in cash rather than the delivery of securities, making it representative of the whole stock market without involving physical securities.

A Contract Representative of the Whole Stock Market in Which