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Moon Jae Min works for the currency trading unit of Woori Bank in Seoul and has a large short position in USD. He thinks that

Moon Jae Min works for the currency trading unit of Woori Bank in Seoul and has a large short position in USD. He thinks that in the coming months the USD will appreciate sharply against the Korean won (KRW). What should Jae Min do to hedge?

A. Buy KRW call options.

B. Buy USD call options.

C. Buy USD put options.

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