Q144
European currency options can be exercised _______; American currency options can be exercised _______.
A.
any time up to the expiration date; any time up to the expiration date
B.
any time up to the expiration date; only on the expiration date
C.
only on the expiration date; only on the expiration date
D.
only on the expiration date; any time up to the expiration date
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
European currency options can be exercised only on the expiration date; American currency options can be exercised any time up to the expiration date.