Which Statement Is True Regarding a Foreign Currency Option

question 66

Multiple Choice

Which statement is true regarding a foreign currency option?

• A) A foreign currency option gives the holder the obligation to buy or sell foreign currency in the future.
• B) A foreign currency option gives the holder the obligation to only sell foreign currency in the future.
• C) A foreign currency option gives the holder the obligation to only buy foreign currency in the future.
• D) A foreign currency option gives the holder the right but not the obligation to buy or sell foreign currency in the future.
• E) A foreign currency option gives the holder the obligation to buy or sell foreign currency in the future at the spot rate on the future date.

---

Definitions:

Statutes

Laws enacted by a legislative body.

Lawrence v. Texas

A 2003 Supreme Court case that invalidated sodomy laws in the United States, making same-sex sexual activity legal in every U.S. state and territory.

Right to Privacy

A legal principle that protects individuals against unwarranted invasions of their personal life and information by the government, organizations, or other people.

Sexual Behavior

Actions or practices related to the expression of sexuality or sexual activity.