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LOS a, (Part 2): Differentiate between exchange-traded options and over-the-counter options.
Q1. Exchange-traded stock options are all of the following EXCEPT:
A) subject to counterparty risk.
B) backed by the options clearinghouse.
C) typically for 100 shares of stock.
Q2. Exchange-traded options are NOT:
A) backed by the Options Clearing Corporation.
B) issued by dealers.
C) standardized as to expirations and contract size.
Q3. Over-the-counter options are:
A) very liquid.
B) largely unregulated.
C) the most important type in terms of volume.
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发表于 2009-3-2 10:29
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