Which of the Below Statements Is FALSE

question 59

Multiple Choice

Which of the below statements is FALSE?

• A) Futures options are options to enter into foreign-exchange futures contracts.
• B) Only options on the major currencies are traded in the over-the-counter market.
• C) In addition to the organized exchanges, an over-the-counter market exists for options on currencies.
• D) In the case of currency options, the underlying is the foreign currency specified by the option contract.

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Definitions:

Catering Supplies

Items and materials used in the provision of catering services, including food, utensils, and decorations.

Spending Variance

Difference between the planned budget and the actual expenditure, indicating over- or under-spending.

Measures of Activity

Metrics and indicators used to evaluate the level of activity, productivity, or performance in various aspects of an organization's operations.

Cost Formula

This is an equation used to predict the total cost associated with a certain level of activity or production volume.