A foreign currency option gives the purchaser the right to buy or sell a given amount of currency only after the maturity date.

Name: A foreign currency option gives the purchaser the right to buy or sell a given amount of currency only after the maturity date.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A foreign currency option gives the purchaser the right, but not the obligation, to buy or sell a given amount of currency at a predetermined price on or before the option's expiration date, not only after the maturity date.

A Foreign Currency Option Gives the Purchaser the Right to Buy