A "time option" is an outright forward FX transaction where the customer:

Question

Options

• Ahas the option to fulfill the outright forward or not at maturity
• Bmay freely choose the maturity, given a 24-hour notice to the bank
• Ccan choose any maturity within a previously fixed period
• Dmay decide to deal at the regular maturity or on either the business day before or after

• A
  5% (3)
• B
  14% (8)
• C
  72% (42)
• D
  9% (5)

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