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69 An Australian bank must pay US$10 million in 90 days. It wishes to hedge the risk in the futures market. To do so, the

69 An Australian bank must pay US$10 million in 90 days. It wishes to hedge the risk in the futures market. To do so, the bank should:

Select one:

a. Buy AUD 10 million in US dollar futures

b. Buy USD 10 million in AU dollar futures

c. Sell USD 10 million in AU dollar futures

d. Sell AUD 10 million in US dollar futures

e. Buy USD 10 million in US dollar futures

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