【正确答案】
A
【答案解析】[听力原文] 28-30
Currency options may have two kinds of value, intrinsic value and time value. If and to the extent that an option would currently be profitable to exercise, it is said to have intrinsic value. In the case of a call, if the spot price is higher than the option exercise price, the option has intrinsic value. In the case of a put, if the spot price is less than the option exercise price, the option has intrinsic value. Such options are said to bein-the-money'. If the opposite is true of either calls or puts, they have no intrinsic value and said to be out-of-the-money'.
28. What are the two kinds of value do currency options have?
录音原文提到Currency options may have two kinds of value, intrinsic value and time value.外汇期权有两种价值：内在价值和时间价值。
【正确答案】
C
【答案解析】[听力原文]
When does a call option have intrinsic value?
录音原文提到In the case of a call, if the spot price is higher than the option exercise price, the option has intrinsic value.当现行汇率高于期权执行汇率时，看涨期权具有内在价值。