Foreign Currency Options Contracts That Give the Buyer the Right

question 25

Multiple Choice

Foreign currency options contracts that give the buyer the right to sell are called:

• A) Call options.
• B) Selling rights.
• C) Put options.
• D) Strike rights.

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Definitions:

Intended Beneficiary

A person or entity that is specifically designated to benefit from a contract, even though they are not a party to the contract themselves.

Details of Performance

Specifics outlined in a contract or agreement indicating how and when the contractual obligations must be fulfilled.

Personal Performance

The fulfillment of duties or tasks by an individual, often referring to the execution of a contract by personal action.

Contractual Duty

Obligations that a party is legally bound to perform under a contract.