A financial contract that gives its owner the right,but not the obligation,to buy or sell a specified asset at an agreed-upon price on or before a given future date is called a(n)_____ contract.

Question

Quizplus · Accepted Answer

The definition provided in the question is of an option contract. The other options listed are different types of financial contracts but do not fit the definition given. Therefore, the correct answer is D) option.

A Financial Contract That Gives Its Owner the Right,but Not