Which financial instrument provides a buyer the right to purchase or sell a fixed amount of currency at a prearranged price within a few days to a couple of years?

Question

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A foreign currency option provides the buyer the right (but not the obligation) to purchase or sell a fixed amount of currency at a prearranged price within a few days to a couple of years. This can be used to hedge against currency fluctuations and manage risks in international trade and investment. The other options listed are not specifically related to this type of financial instrument.

Which Financial Instrument Provides a Buyer the Right to Purchase