1. Define an Option
2. What is Strike Price?
3. What is meant by options intrinsic value?
4. Define Spot Rate.
5. What is a derivative?
6. What is foreign currency transaction?
7. Define foreign currency risk exposure.
8. Define asset exposure.
9. State how derivatives and changes in their values are reported under US GAAP and IFRS.
10. What is a forward contract, and how discounts and premiums on it are treated under US GAAP and IFRS?