A currency call is like being ____ in the currency futures.
A) Out-of-the-money
B) In-the-money
C) Long
D) Short
E) At-the-money

Question

Quizplus · Accepted Answer

A currency call gives the holder the right, but not the obligation, to buy a specific currency at a predetermined price (strike price) on or before a specified expiration date. This is similar to being long in a currency futures contract, as both involve buying an asset in the hopes that it will increase in value.

A Currency Call Is Like Being ____ in the Currency