Currency _____ options are said to be ________ when the present _______________ exceeds the ____________.

Select one:

a.call, in-the-money, spot rate, strike price

b.call, out-of-the-money, spot rate, strike price

c.put, in-the-money, spot rate, strike price

d.put, out-of-the-money, strike price,spot rate

e.None of these