9 securities are financial instruments that derive their value from the prices of one or more other assets (a)Debt (b)Equity (c)Derivative (d)Fixed-income Answer:(c) 10.A call option gives its holder the right to some asset at a specified price on or before some specified expiration date. (a)sell (b)buy (c)loan (d)borrow Answer:(b) 11.A put option gives its holder the right to some asset at a specified price on or before some specified expiration date. (a)sell (b)buy (c)loan (d)borrow Answer:(a) 12. contracts oblige one party to the contract to buy,and the other party to sell,some asset at a specified price on some specified date. (a)Options (b)Uncertainty (c)Money market (d)Forward Answer:(d) 2-32-3 9. ________ securities are financial instruments that derive their value from the prices of one or more other assets. (a) Debt (b) Equity (c) Derivative (d) Fixed-income Answer: (c) 10. A call option gives its holder the right to ________ some asset at a specified price on or before some specified expiration date. (a) sell (b) buy (c) loan (d) borrow Answer: (b) 11. A put option gives its holder the right to ________ some asset at a specified price on or before some specified expiration date. (a) sell (b) buy (c) loan (d) borrow Answer: (a) 12. ________ contracts oblige one party to the contract to buy, and the other party to sell, some asset at a specified price on some specified date. (a) Options (b) Uncertainty (c) Money market (d) Forward Answer: (d)