Which financial instrument grants the owner the right, without the obligation, to purchase or sell currency?

Foreign Exchange MCQs for PPSC, FPSC, NTS, and Pakistan government job tests. Select an option below, then read the explanation.

PPSCFPSCNTSPakistan govt jobs
Subject
Foreign Exchangeeconomics-mcqs › foreign-exchange
Published
1 Jun 2019
Last updated
28 May 2026

Browse all Foreign Exchange MCQs

Choose the correct answer

Explanation

A foreign exchange option provides the holder with the right, but not the obligation, to buy or sell a currency at a predetermined price before or at the contract's expiration. In contrast, swaps, arbitrage, and futures involve obligations or different mechanisms.

More in Economics Mcqs

PakQuizHub — free MCQs and past papers for Pakistan government job tests. Content is for educational practice only.