Which of the following is true? Speculators who expect the euro will decline buy futures contracts on euros. The writer (seller) of a currency call option is obligated to buy the underlying currency to the buyer of the call option at the specified strike price/exercise price if the call option is exercised by the buyer. The buyer of a currency put option is obligated to sell the underlying currency to the seller of the put option at the specified strike price/exercise price on the expiration date if the option can only be exercised on the expiration date. If you expect the peso to appreciate, it would be appropriate to buy a peso call option for speculative purposes.

Which of the following is true? Speculators who expect the euro will decline buy futures contracts on euros. The writer (seller) of a currency call option is obligated to buy the underlying currency to the buyer of the call option at the specified strike price/exercise price if the call option is exercised by the buyer. The buyer of a currency put option is obligated to sell the underlying currency to the seller of the put option at the specified strike price/exercise price on the expiration date if the option can only be exercised on the expiration date. If you expect the peso to appreciate, it would be appropriate to buy a peso call option for speculative purposes