1. Exxon mobile is one of the largest oil producers. The firm worries about future adverse movement in oil prices. What should the firm do to hedge against this using futures contracts? explain your answers

2. USA company is exporting goods to Germany and will be paid in Euros on a year. what is the firm's concern when they receive Euros in a year, and what should they do to hedge using futures contracts? Explain your answer.

3. A USA company is importing goods from Canada and will be paid in Canadian dollars in a year. what's the firm's concern when they will have to pay in Canadian dollars in a year, and what should they do to hedge using futures contracts? Explain your answers