Which of the following statements is FALSE? Select one: O a. Currency options, like stock options, give the holder the right-but not the obligation-to exchange currency at a given exchange rate. O b. Many managers want the firm to benefit if the exchange rate moves in their favor, rather than being stuck paying an above-market rate. O c. Generally speaking, cash-and-carry strategies are used primarily by small banks, which cannot borrow easily and face high transaction costs. O d. Currency forward contracts allow firms to lock in a future exchange rate; currency options allow firms to insure themselves against the exchange rate moving beyond a certain level