​A Put Option on British Pounds Has a Strike (Exercise)

question 42

Multiple Choice

​A put option on British pounds has a strike (exercise) price of $1.48. The present exchange rate is $1.55. 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:

Internal Colonialism

A concept in sociology referring to the unequal economic and power relations within a country, often between a dominant group and marginalized communities.

Expulsion

The act of forcing someone to leave a place, especially an educational institution or a country, often as a form of punishment.

Conquest

The act of gaining control over a territory or people, typically through military force.

Assimilation

The process in which individuals or groups of differing ethnicity are absorbed into the dominant culture of a society.