A Singaporean export firm receives USD in payment for goods. When the USD is received the quoted exchange rate is SGD/USD 0.5650. Rather than immediately converting the USD into SGD, the firm decides to wait for a favourable movement in the exchange rate. In 'today + n days' the exchange rate is SGD/USD 0.5750. Which one of the following statements is correct? Select one: a. Three of the given answers are correct. b. The firm has taken a 'long' position in the USD. C. The firm is currently making a loss on its FX position. d. The opportunity cost of interest foregone will affect the profitability of the FX position. e. Two of the given answers are correct. O f. All of the given answers are correct. g. The quoted FX rates show currency appreciation. O h. The SGD has devalued against the USD