European currency options can be exercised _; American currency options can be exercised _.

A) any time up to the expiration date; any time up to the expiration date B) any time up to the expiration date; only on the expiration date C) only on the expiration date; only on the expiration date D) only on the expiration date; any time up to the expiration date

Answer & Solution

Correct Answer: Option D

European currency options can be exercised only on the expiration date; American currency options can be exercised any time up to the expiration date.

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European currency options can be exercised _______; American currency options can be exercised _______.

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European currency options can be exercised _; American currency options can be exercised _.