​A Put Option on Swiss Franc Has a Strike (Exercise)

question 37

Multiple Choice

​A put option on Swiss franc has a strike (exercise) price of $.92. The present exchange rate is $.89. This put option can be referred to as:

• A) ​in the money.
• B) ​out of the money.
• C) ​at the money.
• D) ​at a discount.

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Definitions:

Malignant

Describes cells or tumors that are cancerous and can spread to other parts of the body.

Dedifferentiation

The process by which cells lose their specialized (differentiated) features and revert to a more primitive, unspecialized form.

Testicular Cancer

A type of cancer that originates in the testicles, the male reproductive glands located in the scrotum.

Palliative Effect

An approach to treatment aimed at relieving symptoms and improving the quality of life, without necessarily curing the disease.