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6.A forward exchange contract A. gives the owner the right to purchase a foreign currency at some point in the future and any gains or

6.A forward exchange contract

A. gives the owner the right to purchase a foreign currency at some point in the future and any gains or losses arecredited/debited to the account at the close of business each day.

B. requiresdelivery, within two workingdays, of one currency for a specified amount of another currency.

C. requiresdelivery, at a specified futuredate, of one currency for a specified amount of another currency.

D. gives the owner theright, but not theobligation, to buy a foreign currency at a fixed exchange rate for a fixed period of time.

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