Binary Options Trading Practice Test

What is a 'Call' option in binary trading?

An option that profits when the asset price rises above the strike price at expiry An option that profits when the asset price falls below the strike price at expiry An option that pays out when the asset touches a specific price level An option that pays out when the asset stays within a price range

Correct Answer:

An option that profits when the asset price rises above the strike price at expiry

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