Which of the Below Statements Is FALSE

Multiple Choice

Which of the below statements is FALSE?

A) The Eurocurrency market is the name of the unregulated and informal market for bank deposits and bank loans denominated in a currency other than that of the country where the bank initiating the transaction is located.
B) Just like a forward or futures contract, an option gives the option buyer the opportunity to benefit from favorable exchange rate movements but establishes a maximum loss.
C) Foreign-exchange futures contracts for the major currencies are traded on the International Monetary Market (IMM) , a division of the Chicago Mercantile Exchange.
D) The two types of foreign currency options are options on the foreign currency and futures options.