Chapter 01 · Section 1.1

Contract Terms

                    EXCHANGE-TRADED OPTIONS
 
Contract Terms             ...........
Delivery                   ...........
Trading                    ...........
Credit Risk                ...........
Liquidity                  ...........

The terms of an exchange-traded option are:

a) established by the exchange and therefore standardized.
Yes. Only if the contract terms are standardized can the price paid in one contract be compared to the price paid in another contract. Continue
b) negotiated by each party to the agreement.
c) set by the United Nations security council.
d) set out in the 1944 Bretton Woods Agreement.

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