7. In relation to foreign exchange rates:

Select one:

a. Given NZD/USD six months forward points are 0.0032-0.0027, this means the base currency is at a forward discount

b. Companies with multiple FX cash flows should pay the individual transactions immediately, rather than collate and net them

c. Under PPP, a country with a higher inflation rate relative to another country can expect its currency to appreciate

d. An external risk management strategy is when an exporting firm to invoice its foreign transactions in the home currency

e. If a countrys rate of growth then increases its demand for imports, then its currency should decrease