What is a “strike price?”
A. the exchange rate that is used to buy a foreign currency today
B. the price that will be paid for goods in a forward contract
C. the exchange rate that will be used if a foreign currency option is executed
D. the difference between the wholesale rate and the retail rate for foreign currency exchange
Answer:C
What is a “strike price?”
A. the exchange rate that is used to buy a foreign currency today B. the price that will be paid for goods in a forward contract C. the exchange rate that will be used if a foreign currency option is executed D. the difference between the wholesale rate and the retail rate for foreign currency exchange