1,If a call option has a strike price of $100 and the stock sells for $120 per share, then Select one:

a. The option is in the money and does have intrinsic value.

b. The option is out of the money and has no intrinsic value.

c. The option is in the money and does not have intrinsic value.

d. The option is out of the money and does have an intrinsic value.

2, What is a difference between options and futures contracts?

Select one:

a. Long positions in futures are marked to market daily, and you may have to deposit capital to hold a position.

b. Options are traded on exchanges and futures are not.

c. You cannot sell a futures contract without owning the underlying asset.

d. Call options cannot be sold unless you own the underlying asset.

3,

If a put option has a strike price of $100 and the stock sells for $120 per share, then

Select one:

a. The option is out of the money and has intrinsic value.

b. The option is in the money and has intrinsic value.

c. The option is in the money and has no intrinsic value.

d. The option is out of the money and has no intrinsic value.

4,

A market order to buy a stock

Select one:

a. Have lower commissions than limit orders.

b. Sets a price at which to buy the stock.

c. Is an order to buy the stock at the best available price right away.

d. Can be put in the specialists book.