European currency options can be exercised ____; American currency options can be exercised ____.
A) any time up to the expiration date; any time up to the expiration date
B) any time up to the expiration date; only on the expiration date
C) only on the expiration date; only on the expiration date
D) only on the expiration date; any time up to the expiration date

Question

​European currency options can be exercised ____; American currency options can be exercised ____.
A) ​any time up to the expiration date; any time up to the expiration date
B) ​any time up to the expiration date; only on the expiration date
C) ​only on the expiration date; only on the expiration date
D) ​only on the expiration date; any time up to the expiration date

Quizplus · Accepted Answer

European currency options can only be exercised on the expiration date, while American currency options can be exercised at any time up to the expiration date.

​European Currency Options Can Be Exercised ____; American Currency Options

European Currency Options Can Be Exercised ____; American Currency Options