In the option markets,the option that gives the buyer the right to buy the specified commodity or financial instrument is a/an:

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A call option gives the buyer the right, but not the obligation, to buy the specified commodity or financial instrument at a predetermined price within a specific period of time. This type of option is commonly used as a hedging tool or to speculate on the increase in the price of the underlying asset.

In the Option Markets,the Option That Gives the Buyer the Right