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3I0-012 · Question #381

3I0-012 Question #381: Real Exam Question with Answer & Explanation

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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

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