1- As an option moves further in-the-money the options_______.

a-Delta approaches positive infinity.

b-Delta rises toward one.

c-Delta lowers toward one.

d-Delta approaches negative infinity.

e-Delta approaches zero.

2-According to Garmin and Kohlhagen (1983) model for pricing currency options increases with:

a-increases in the spot rate

b-increases in the strike price

c-decreases in volatility

d-increases in the domestic interest rate

e-two of the above