Free ICBRR Exam Braindumps (page: 21)

All of the four following exotic options are path-independent options, EXCEPT:

The value of which one of the following four option types is typically dependent on both the final price of its underlying asset and its own price history?

A large energy company has a recurring foreign currency demands, and seeks to use options with a pay-off based on the average price of the underlying asset on either a few specific chosen datesor all dates within a specific pricing window.
Which one of the following four option types would most likely meet these specific foreign currency demands?

In the United States, foreign exchange derivative transactions typically occur between