$(2pts)$ An exporter can shift exchange rate risk to their customers by invoicing in currency.

A$.$ home

B$.$ customer's local

$(2$ pts$)$ If the foreign country has a lower inflation rate than the home country during a one$-$year period, according to the relative version of PPP$,$ the currency of the foreign country should against the currency of the home country during that one year.

A$.$ depreciate

B$.$ appreciate

$(2$ pts; fill the blank$)$ If ranking GDPs by U$.$S$.$ dollar, U$.$S$.$ is ranked If ranking GDPs by purchasing power, U$.$S$.$ is ranked

$(3$ pts; Select all that apply$)$ Compare Future contract and Forward contract on foreign exchanges. The features of the former are $$ and the features of the latter are $$

A$.$ Standardized contract size

B$.$ Standardized maturity date

C$.$ Tailor$-$made over the counter

D$.$ Marked$-$to$-$market

$(2$ pts; fill the blank$)$ The standard contract size for British Pound futures is $$ British pounds.