QUESTION 49 An option contract O a. none of the options O b. gives the owner the right, but not the obligation, to buy or sell a given quantity of an asset at a specified price at some time in the future O c. gives the owner the obligation, but not the right, to buy or sell a given quantity of an asset at a specified price at some time in the future O d. gives the owner both the right and the obligation, to buy or sell a given quantity of an asset at a specified price at some time in the future QUESTION 50 The most common currencies used to denominate interest rate and currency swaps are: O a. None of the options O b.U.S. dollar, British pound sterling, Indian Rupee O c. U.S. dollar, Euro, Japanese yen, British pound sterling, Canadian dollar O d. U.S. dollar, Rubble, Argentinian Peso, Euro QUESTION 51 Forward contracts: O a. all of the options O b. are customized and apply to markets for securities, interest rates and commodities and are traded in the OTC market O c. are standardized to fit a customer's requirements d. are priced the same as the Spot contract, which is an agreement to buy or sell an asset almost immediately