A a foreign exchange hedging tool, options have all of the following characteristics EXCEPT
A)	the right to buy or sell an amount of foreign curreny.
B)	specifies price
C)	specifies time period
D)	represents an obligation to buy or sell.
Answer:A
A a foreign exchange hedging tool, options have all of the following characteristics EXCEPT
A)	the right to buy or sell an amount of foreign curreny. B)	specifies price C)	specifies time period D)	represents an obligation to buy or sell.