0. Globex FX options are available on the CME with a product code of EUU. https://www.cmegroup.com/

   1. (a) What is the underlying asset on this instrument?

   2. (b) Looking at the monthly options, describe how are these contracts settled? (Describe both put

      option and call option settlement)

   3. (c) How could a MNC decide whether to use a put or call option variant for risk management

      purposes? Provide a descriptive example for each situation.