Question: The exercise price can be set at any desired level on each of the following types of options except a. FLEX options b. exchange-listed equity

The exercise price can be set at any desired level on each of the following types of options except

a. FLEX options

b. exchange-listed equity options

c. over-the-counter options

d. all of the above

e. none of the above

What intermediary guarantees an exchange-listed option writers performance?

a. credit worthiness rating company

b. brokerage

c. good-till-canceled order

d. clearinghouse

e. none of the above

Which of the following duties is not performed by the clearinghouse?

a. holding margin deposits

b. guaranteeing performance of buyer and writer

c. maintaining records of transactions

d. lending money to meet margin requirements

e. none of the above

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