1. European date
  2. American date
  3. expiration date
  4. money date
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1 Answers

Answer: Option 3

At last day when European and American option can be exercised is classified as expiration date. An expiration date in derivatives is the last day that a derivative, such as options or futures, is valid. On or before this day, investors will have already decided what to do with their expiring position.

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