all option on British pounds has a strike (exercise) price of $1.48. The spot exchange rate is $1.45. This put at a discount at the money in the money out of the money QUESTION 4 True/False: currency futures are usually customized contracts which are negotiated between MNCs and banks, while True False QUESTIONS currency futures contract for that currency To hedge in a foreign currency. a firm may O A receivable: purchase B. payable sell payable: purchase OD none of the above ked between MNCs and banks, while currency forwards are standardized contracts which are traded in the Exchanges