Which of the following call and put option statement is not correct?

Multiple Choice

• A currency call option gives the holder the right, but not the obligation, to buy a certain amount of foreign currency at a specific exchange rate up to or at the maturity date.

• none of the options

• The price of call or put options that option buyers have to pay is called premium.

• A currency put option gives the holder the right, but not the obligation, to sell a certain amount of foreign currency at a specific exchange rate again up to or at the maturity date.