The Currency Option Strike Price of 163 Means That

question 59

Multiple Choice

The currency option strike price of 163 means that

• A) $1 is worth 1.63 units of the foreign currency.
• B) $1 is worth 163 units of the foreign currency.
• C) one unit of the foreign currency is worth $1.63.
• D) one unit of the foreign currency is worth $163.

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Definitions:

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Formal Definition

A precise and explicit explanation of a term using clear and unambiguous language, typically found in academic, legal, or professional contexts.

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