European currency options can be exercised ____; American currency options can be exercised ____.
A) any time up to the expiration date; any time up to the expiration date
B) any time up to the expiration date; only on the expiration date
C) only on the expiration date; only on the expiration date
D) only on the expiration date; any time up to the expiration date

Question

Quizplus · Accepted Answer

European options can only be exercised on the expiration date, while American options can be exercised at any time up to the expiration date.

European Currency Options Can Be Exercised ____; American Currency Options