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A New Zealand firm expects the Brazilian Real to appreciate over the next year versus the New Zealand Dollar. In expectation of this, the firm

A New Zealand firm expects the Brazilian Real to appreciate over the next year versus the New Zealand Dollar. In expectation of this, the firm plans to shorten its time on its accounts payables to Brazilian suppliers. This is an example of which of the following transaction hedging techniques?
a.) Option Hedging
b.) Currency Diversification
c.) Money Market Hedging
d.) Leading and Lagging
e.) Forward Hedging

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