A Short USD Put/JPY Call Option

question 266

Multiple Choice

A short USD put/JPY call option:

• A) Gives you the right but not the obligation to sell USD and buy JPY
• B) Gives you the right but not the obligation to buy USD and sell JPY
• C) Gives your counterparty the right but not the obligation to sell USD and buy JPY
• D) Gives your counterparty the right but not the obligation to buy USD and sell JPY

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