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All of the following are hedges against exchange-rate risk EXCEPT a. foreign-currency swaps. b. use of spot market. c. adjustment of funds commitments between countries.

All of the following are hedges against exchange-rate risk EXCEPT

a.

foreign-currency swaps.

b.

use of spot market.

c.

adjustment of funds commitments between countries.

d.

balancing monetary assets and liabilities.

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