5

1. Which of the following statements is TRUE? I. The process of selling borrowed assets with the intention of buying them back at a later date and lower price is referred to as a repurchase agreement. II. Short selling is the process of selling a specified asset to the buyer currently and buying it back at a specified time in the future at an agreed future price.

   		II
   		Both I and II are not true.
   		Both I and II are true.
   		I

Question 8

1. A stock in the March cycle would trade the following options on October 1:

   		October, November, December, January
   		March, June, September, December
   		October, November, March, June
   		October, November, December, March

2 points

Question 9

1. Which of the following investors is obligated to buy stock?

   		call buyer
   		call writer
   		put writer
   		put buyer