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Assume that you plan to take a vacation in France, which uses the euro as its currency. You have $3,500.00 saved up for the trip.

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Assume that you plan to take a vacation in France, which uses the euro as its currency. You have $3,500.00 saved up for the trip. The akute at your bank is $1.60 per euro. When you convert your $3,500.00 to euros, you will be able to purchase euros Suppose that an MNC wishes to purchase a foreign exchange derivative contract in order to hedge future payments they expect to make or receive If the MNC wishes to purchase this derivative in an over-the-counter market, rather than an exchange, it will most likely choose to purchase which of the following types of contract? Currency Futures Contracts Currency Options Contracts Forward Contracts

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