Foreign currency options contracts that give the buyer the right to sell are called:
A) Call options.
B) Selling rights.
C) Put options.
D) Strike rights.

Question

Quizplus · Accepted Answer

Put options give the buyer the right to sell an underlying asset at a predetermined price, while call options give the buyer the right to buy an underlying asset at a predetermined price. Therefore, foreign currency options contracts that give the buyer the right to sell are called put options.

Foreign Currency Options Contracts That Give the Buyer the Right