3191. At last day when European and American option can be exercised is classified as

European date
American date
expiration date
money date
✅ The correct answer is C.
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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