Answer only, no need explain

Currency futures can be used by MNCs to hedge payables in foreign currencies. That is$,$ an MNC would futures to hedge a foreign payable position. Also, currency futures can be used for speculation. For example, a speculator expecting a currency to depreciate would futures.

a$.$ buy; sell

b$.$ sell; sell

c$.$ buy; sell

d$.$ sell; buy

e$.$ No answer