Seeing is believing!

Before you order, simply sign up for a free user account and in seconds you'll be experiencing the best in CFA exam preparation.

Find out more

Basic Question 11 of 18

A type of option that can be exercised only on its expiration date is called a(an) ______.

A. American option
B. European option
C. Yankee option
Check Answer Previous Q Next Q Print

User Contributed Comments 4

User Comment
fmhp E...uropean= E...xpiration only
johntan1979 C is probably referring to Yankee 24 Timing Option
MathLoser [E]uropean = Expiration.

[A]merican = Anytime
walterli For freedom!
You need to log in first to add your comment.
Your review questions and global ranking system were so helpful.
Lina

Lina

Learning Outcome Statements

determine the value at expiration and profit from a long or a short position in a call or put option

contrast forward commitments with contingent claims

CFA® 2024 Level I Curriculum, Volume 5, Module 2.