Question: Item83pointsItem 8Which statement is true regarding a foreign currency option?Multiple ChoiceA foreign currency option gives the holder the obligation to buy or sell foreign currency

Item83pointsItem 8Which statement is true regarding a foreign currency option?Multiple ChoiceA foreign currency option gives the holder the obligation to buy or sell foreign currency in the future.A foreign currency option gives the holder the obligation to only buy foreign currency in the future.A foreign currency option gives the holder the right but not the obligation to buy or sell foreign currency in the future.A foreign currency option gives the holder the obligation to buy or sell foreign currency in the future at the spot rate on the future date.A foreign currency option gives the holder the obligation to only sell foreign currency in the future.

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