The Main Advantage(s) of Over-The-Counter Foreign Currency Options Over Exchange

question 39

Multiple Choice

The main advantage(s) of over-the-counter foreign currency options over exchange traded options is (are) :

• A) expiration dates tailored to the needs of the client.
• B) amounts that are tailor made.
• C) client desired expiration dates.
• D) all of the above

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Definitions:

Income Statement

A financial statement that shows a company's revenues, expenses, and profits over a specific period.

Extraordinary Gains

Profits from events or transactions that are both unusual in nature and infrequent in occurrence, though this distinction has been eliminated in current accounting practices.

Pretax Loss

The loss a company incurs before taxes are deducted.

Pretax Gain

The profit a company has made before any taxes have been applied.