A foreign currency contract that gives the holder of the contract the right to sell a foreign currency at a specified price on or before the published expiration date is called a:

Question

Quizplus · Accepted Answer

A put currency option gives the holder the right to sell a foreign currency at a specified price, which is similar to buying a right to sell the currency. A call currency option, on the other hand, gives the holder the right to buy a foreign currency at a specified price. The other options listed are related to currency futures contracts, which are different from currency options.

A Foreign Currency Contract That Gives the Holder of the Contract