The amount paid for an option is the
A) strike price.
B) premium.
C) discount.
D) yield.
B
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What function is money serving when you use it when you go shopping?
A. a store of value B. a medium of exchange C. a unit of account D. a medium of deferred payment
A trade-off between aggregate output and inflation
A) is theoretically possible, but has never been observed in practice. B) may exist in the short run, but not in the long run. C) may exist in the long run, but not in the short run. D) exists in both the short run and the long run.
The market basket approach:
A. gives us a single number to measure how much your total costs for all goods and services change over time. B. is how economists monitor trends in what people like to buy from year to year. C. is equivalent to simply averaging the increase in the price of each grocery item. D. measures changes in the cost of a fixed shopping basket, assuming that typical consumer buys the same items in the same quantities.
The size of the multiplier is equal to the:
A. slope of the consumption schedule. B. reciprocal of the slope of the consumption schedule. C. slope of the saving schedule. D. reciprocal of the slope of the saving schedule.