A ________ allows, but does not require, a firm to buy or sell a specified amount of foreign currency at a specified price at any time up to a specified date.
A. forward swap
B. currency option
C. call option
D. discount put
Answer: B
A ________ allows, but does not require, a firm to buy or sell a specified amount of foreign currency at a specified price at any time up to a specified date.
A. forward swap
B. currency option
C. call option
D. discount put