Question: Select from the option list provided the most appropriate term for each description below. Each choice may be used once, more than once, or not

Select from the option list provided the most appropriate term for each description below. Each choice may be used once, more than once, or not at all.

DescriptionTerm

1 .

A strategy to protect an entity from adverse price movements

2 .

An agreement customized to the specific needs of the contracting parties

3 .

An agreement that is standardized and traded on an exchange

4 .

An agreement to exchange designated cash flows

5 .

The amount at which an option may be exercised

6 .

The right to purchase an asset at a fixed price on or before a given date

7 .

The right to sell an asset at a fixed price on or before a given date

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