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.
| Description | Term |
| 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. An option contract that may be exercised at any time before the expiration date | |
| 6. An option contract that may be exercised only on the expiration date | |
| 7. The amount at which an option may be exercised | |
| 8. The right to purchase an asset at a fixed price on or before a given date | |
| 9. The right to sell an asset at a fixed price on or before a given date |
|
Which term listed below matches 1-9
American Option
Call Option
European Option
Forward Contract
Futures Contract
Hedge
Put Option
Strike Price
Swap
Market Price
Exit Price
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