Which of the following statements is False

Group of answer choices

A Currency call options allow the purchaser to lock in the price paid for a currency. Therefore, they are often used by MNCs to hedge foreign currency payables.

B If a currency call option is in the money, then the present exchange rate exceeds the strike price.

C Both call and put option premiums are affected by the level of the existing spot price relative to the strike price; for example, a high spot price relative to the strike price will result in a relatively high premium for a call option but a relatively low premium for a put option.

D A European option can be exercised at any time prior to maturity, while an American option can only be exercised at maturity

The writer of a call option is obligated to sell the underlying currency to the buyer of the option if the option is exercised.