Which of the following is NOT an example of an exotic option?

Exotic options are non-standard options that have features making them more complex than traditional options. Standard call options, in contrast, are straightforward financial instruments with a defined set of characteristics, typically involving the right to purchase an underlying asset at a predetermined price before or at expiration.

In the context of the question, standard call options do not possess the unique features or variations found in exotic options, such as different payout structures or conditions for activation. For instance, barrier options rely on the price movement of the underlying asset reaching certain levels, binary options offer fixed payouts based on a yes/no proposition, and Asian options are based on the average price of the underlying asset over a period of time. Each of these types introduces specific complexities and conditions that differentiate them from standard options.

Therefore, identifying standard call options as NOT an exotic option is accurate, as they lack the distinct characteristics that define exotic options in the financial markets.