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I: Air China can hedge the price of fuel by taking a long position in crude oil futures contracts. II: Air China can hedge the

I: Air China can hedge the price of fuel by taking a long position in crude oil futures contracts. II: Air China can hedge the price of fuel by taking a short position in crude oil futures contracts.

A.

I is true, II is false

B.

I is false, II is true

C.

I and II are both false

D.

I and II are both true

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