1) A natural short exposure can be hedged with a short forward contract. (True False) 2) Hedging jet fuel prices using heating oil is an example of a direct hedge. (True False) 3) A synthetic short forward involves borrowing cash and buying stock. (True False) 4) A futures market is in contango if futures prices are increasing with time. (True False) 5) Swap agreements are only used for currencies. (True False) 6) A soybean farmer has a natural long exposure to the price of soybeans. (True False)