ACI

3I0-012 · Question #381

A short USD put/JPY call option:

The correct answer is C. Gives your counterparty the right but not the obligation to sell USD and buy JPY. See the full explanation below for the reasoning.

Question

A short USD put/JPY call option:

Options

AGives you the right but not the obligation to sell USD and buy JPY
BGives you the right but not the obligation to buy USD and sell JPY
CGives your counterparty the right but not the obligation to sell USD and buy JPY
DGives your counterparty the right but not the obligation to buy USD and sell JPY

How the community answered

(25 responses)

A
4% (1)
B
4% (1)
C
80% (20)
D
12% (3)

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