Assertion (A) : The liability of the option buyer is limited in the currency options market.
Reason (R) : Option buyer need not exercise the option if the exchange rate is not favourable for him.
1
(R) is correct and (A) is wrong
2
(A) is correct and (R) is wrong.
3
Both (A) and (R) are correct.
4
Both (A) and (R) are wrong.