An option giving the buyer of the option the right to buy but not an obligation to buy a currency is called ____________
A)call option
B)put option
C)forward option
D)futures option

Question

An option giving the buyer of the option the right to buy but not an obligation to buy a currency is called ____________  
A)call option
B)put option
C)forward option
D)futures option

Quizplus · Accepted Answer

A call option gives the holder the right, but not the obligation, to buy an asset (in this case, a currency) at a specified price within a specific time period.

An Option Giving the Buyer of the Option the Right