An Obligation to Purchase a Specific Amount of Currency at a Specific

question 95

Multiple Choice

An obligation to purchase a specific amount of currency at a specific exchange rate at a future point in time is called a:​

• A)call option
• B)spot contract
• C)put option
• D)forward contract
• E)both B and D

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Definitions:

Bronchioles

Small airways in the lungs that branch off from the bronchi, leading air into the alveoli for gas exchange.

Epithelial Cells

Epithelial cells make up the epithelium, a layer of cells that covers the surfaces and cavities of organs and structures throughout the body, providing protection, secretion, and absorption.

Nasal Cavity

The large air-filled space behind the nose involved in breathing and olfaction, lined with mucosa that filters, moistens, and warms incoming air.

Bronchi

The major air passages of the lungs that diverge from the windpipe, providing a pathway for air to reach the lungs.