A Currency Put Option Provides the Right, but Not the Obligation

question 99

True/False

A currency put option provides the right, but not the obligation, to buy a specific currency at a specific price within a specific period of time.

---

Definitions:

Online Catalog

A digital platform that displays products or services offered by a company, allowing customers to browse, search, and sometimes purchase items directly over the internet.

Digitized Version

A digital format of a document, image, sound, video, or any other type of content that has been converted from its original physical or analog medium for easier access, storage, and sharing.

Terms and Conditions

The set of regulations and agreements that form the legal basis of transactions or user agreements.

Audit Trail

A record that traces the detailed transactions and operations that affect a particular operation or event, widely used for verification and accounting purposes.