The hedging contract that gives the buyer the right, but not the obligation, to sell a specific amount of foreign currency with domestic currency is known as the ________

A) call option
B) put option
C) American option
D) European option

Answer: B

Business

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Accord Corporation purchased land for $100,000 by making a cash payment of $30,000 and promising to pay the remaining amount in a later accounting period. What is the net effect of this transaction on Accord's accounting equation?

A) assets increase by $100,000 and liabilities decrease by $30,000 B) assets increase by $100,000 and liabilities decrease by $70,000 C) assets and equity increase by $70,000 D) assets and liabilities increase by $70,000

Business

Marketers are able to classify news media by

A) product, place, price, and promotion. B) Maslow's hierarchy of needs. C) whether or not they accept press releases. D) demographics, format, geography, and audience size. E) using the Business Strategy Diamond.

Business