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a Forward contract i. When do we create the forward contract to buy foreign currency? ii. When do we create the forward contract to sell

a Forward contract

i. When do we create the forward contract to buy foreign currency?

ii. When do we create the forward contract to sell foreign currency?

b. Futures contract

i. When do we create the futures contract to buy foreign currency?

ii. When do we create the futures contract to sell foreign currency?

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