________ Give a Firm a Right, but Not an Obligation

question 40

Multiple Choice

________ give a firm a right, but not an obligation, to exchange currency at a given rate.

• A) Currency forwards
• B) Currency options
• C) Currency futures
• D) Currency exchanges

---

Definitions:

Lineal

Pertaining to or involving a line, often in the context of descent or succession.

Intergenerational Obligation

A duty or responsibility felt toward members of previous or subsequent generations, often within families or communities.

Older Generations

Refers to the groups of people who were born several decades before the current generation, often implying they have different values, beliefs, or experiences.

Core Knowledge Perspective

A theory in cognitive development that posits children are born with an innate, basic understanding of the world.