_____ is the option or the right but not the obligation to exchange a specific amount of currency on a specific future date and at a specific agreed-on rate.
A)Currency option
B)Currency swap
C)Currency conversion
D)Cross rate
E)Currency futures contract

Question

Quizplus · Accepted Answer

A currency option gives the holder the right, but not the obligation, to exchange a specific amount of currency on a specific future date and at a specific agreed-on rate.

_____ Is the Option or the Right but Not the Obligation