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A cross-hedging strategy is most effective with currencies that are _____; currency diversification is most effective with currencies that are ______ . a. highly negatively
A cross-hedging strategy is most effective with currencies that are _____; currency diversification is most effective with currencies that are ______
. a. highly negatively correlated; not highly correlated
b. expected to depreciate; expected to appreciate
c. highly positively correlated; not highly correlated
d. expected to appreciate; expected to depreciate
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