Question: Suppose the current spot rate is $ 1 . 4 0 / euro . A currency _ _ _ _ _ _ _ _ _

Suppose the current spot rate is $1.40/euro. A currency _________ option with a strike of $1.25/euro is said to be ____________.
Group of answer choices
call, out-of-the money
put, in-the-money
put, at-the-money
call, in-the-money

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