1. Fill in the blanks

• Receivables denominated in a foreign currency can be hedged by buying a __________ option on the foreign currency.
• Payables denominated in a foreign currency can be hedged by buying a __________ option on the foreign currency.
• Receivables denominated in a foreign currency can be hedged by __________ a futures contract on the foreign currency.
• Payables denominated in a foreign currency can be hedged by __________ a futures contract on the foreign currency.
• Receivables denominated in a foreign currency can be hedged by __________ a forward contract on the foreign currency.
• Payables denominated in a foreign currency can be hedged by __________ a forward contract on the foreign currency.