Question: Binary options Multiple Choice are based on two possible outcomes yes or no . may make a payoff of a fixed amount if a specified

Binary options
Multiple Choice
are based on two possible outcomesyes or no.
may make a payoff of a fixed amount if a specified event happens.
may make a payoff of a fixed amount if a specified event does not happen.
may make a payoff of a fixed amount if a specified event happens and are based on two possible outcomesyes or no.
All of the options are correct.

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