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Question
A U.S. commercial bank must pay 20 million Canadian dollars (C$) in 90 days. It wishes to hedge the risk in the futures market. To do so the bank shoulda. sell $20 million in Canadian dollar futures with two months maturity.
b. buy $20 million in Canadian dollar futures.
c. buy C$20 million in Canadian dollar futures.
d. sell C$20 million in Canadian dollar futures.
Answer
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Related questions
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