Apex Enterprises wants the right to buy a foreign currency at a specified price at any time up to a specified date. Apex most likely needs a ________.

Question

Quizplus · Accepted Answer

A call option gives the holder the right, but not the obligation, to buy an asset at a specified price within a specific time period, which aligns with Apex Enterprises' needs to buy a foreign currency at a predetermined price up to a certain date.

Apex Enterprises Wants the Right to Buy a Foreign Currency