- CFA Exams
- CFA Level I Exam
- Topic 7. Derivatives
- Learning Module 2. Forward Commitment and Contingent Claim Features and Instruments
- Subject 2. Contingent Claims: Options
CFA Practice Question
A type of option that can be exercised only on its expiration date is called a(an) ______.
B. European option
C. Yankee option
A. American option
B. European option
C. Yankee option
Correct Answer: B
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! |