(Multiple Choice) European Options:

• Consist of a contract on a single share of the underlying asset.

• Can only be exercised on the expiration date.

• Have a fixed expiration date whereas American options do not.

• Are settled only in cash.

• Are written only by the issuers of the underlying asset.

European options: Multiple Choice Consist of a contract on a single share of the underlying asset. Can only be exercised on the expiration date. Have a fixed expiration date whereas American options do not Are settled only in cash. Are written only by the issuers of the underlying asset