4. Futures and Forwards. How do foreign currency 5. Puts and Calls. Define a put and call on the Britislh 6. Options versus Futures. Explain the difference futures and foreign currency forwards compare? pound sterling between foreign currency options and futures and when either might be most appropriately used 7. Call Option Contract. Suppose that exchange-traded American call options on pounds sterling with a strike price of 1.460 and a maturity of next March are now quoted at 3.67. What does this mean to a poten- tial buyer