The hedging contract that gives the buyer the right,but not the obligation,to sell a specific amount of foreign currency with domestic currency is known as the ________.

Question

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A put option gives the buyer the right, but not the obligation, to sell a specific amount of foreign currency with domestic currency. A call option gives the buyer the right, but not the obligation, to buy a specific amount of foreign currency with domestic currency. American and European options refer to the exercise style of the option and are not relevant to this hedging situation.

The Hedging Contract That Gives the Buyer the Right,but Not