Page > of 5 1. A share of stock can be described as a. buying a put with a 0 dollar exercise price b. selling a put with a 0 dollar exercise price c. buying a call with a 0 dollar exercise price d. selling a call with a 0 dollar exercise price 2. The current account does not include a. imports of oil b. purchase of T-bills by of foreigners c. exports of accounting services d. money sent by the US to help people after a disaster 3. The time value of an American option a. is positive for an out-of-the-money option b. is positive for an in-the-money option c. decreases with the time that remains until the option expires d. all of the above 4. An undervalued currency acts as a(n)on exports and a(n)to imports. a. subsidy, tax b. increase, reduction c. increase, increase d. tax, subsidy