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QUESTION 1 Proceeds that would be generated from the option if today was the expiration date is referred to as: gorged distribution payoff flush QUESTION 2 Difference between the option premium and the intrinsic value is referred to as: time value money value equity value market value QUESTION 3 Value of the option is referred to as: option premium option action option forecast option payment QUESTION 4 Option that can only be exercised at maturity is referred to as a European option. true false QUESTION 5 Option that can be exercised at any time up to and including the expiration date is referred to as: put call option American option European option gaining option QUESTION 6 Agreement for the immediate purchase of an asset is referred to as: drop contract full contract fall contract spot contract QUESTION 7 Position valuation that considers all unrealized profits and losses is referred to as: marky mark recognized value financial valuation marked to market QUESTION 8 Canceling a futures position by making an equivalent but opposite transaction is referred to as: contra buying offsetting reduction balancing QUESTION 9 Number of contracts outstanding is referred to as: rolling interest closed interest value interest open interest QUESTION 10 Exchange of one currency for another to mitigate risk associated with specific assets or liabilities is referred to as: currency swap commodity swap equity swap bank swap