ACI
3I0-013 · Question #144
3I0-013 Question #144: Real Exam Question with Answer & Explanation
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Question
Which of the following is a description of a long OTC foreign currency option position?
Options
- AThe obligation to buy one currency and to sell another currency at a predetermined price
- BAn option that uses 1MM maturities
- CAn option dealt directly between two counterparties
- DAn interest rate protection instrument dealt on an exchange trading floor
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