Assume you are a US exporter with an account receivable denominated in Singapore dollars to be paid to you in one year. You are considering hedging currency risk using a forward market hedge or a money market hedge. Answer the following two questions:

- To hedge, would you go long or short the Singapore dollar in the forward market?

- To hedge, would you need to borrow or invest in the money market in Singapore?

Group of answer choices

long and invest

long and borrow

short and borrow

short and invest