A U.S. importer/exporter has imported products from a Belgian company for which it now owes 1 million euros () payable 30 days from today. Which of the following could the importer potentially do to successfully hedge against movement in the exchange rate between the U.S. dollar and the euro?

Select one:

a. All of these are options that the importer/exporter could potentially use as effective exchange rate hedges.

b. Purchase a 30-day forward contract for 1 million.

c. Export 1 million worth of products to Europe payable 30 days from today in order to create an offsetting transaction.

d. Purchase a futures contract for 1 million that will mature in approximately 30 days.