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What is a strike price of currency option? (A) A spot rate at which the underlying...

What is a strike price of currency option?

(A) A spot rate at which the underlying currency is trading when you strike an option deal.

(B) A price at which the underlying currency is trading at maturity of an option.

(C) A price at which you may buy or sell the underlying currency at maturity of an option.

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Answer #1

Option C

A price at which you may buy or sell the underlying currency at maturity of an option is called strike price

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