Finance .

Question 5- 2 pts

A call option on British pounds has a strike price of $1.70. A put option also has a strike price of $1.70. The current exchange rate is $1.60. Which of the following statements is correct?

The call option is out of the moneyThe call option is in the moneyBoth the call option and the put option are at the moneyThe put option is less valuable than the call optionnone of the above