Question 1 (5 points) Options are based on the value of an underlying commodity or security such as corn or a stock? a) True b) False Question 2 (5 points) An options contract gives an investor the right, but not the obligation, to buy (or sell) shares at a specific price at any time, as long as the contract is in effect? a) True b) False Question 3 (5 points) Options and futures are both financial products investors can use to make money or to hedge current investments? a) True b) False