Question $9$

Short$-$term foreign exchange forecasts are often motivated by such activities as whereas long$-$term forecasts are more likely motivated by

a$.$ the desire to hedge a payable; the desire for long$-$term investment

b$.$ long$-$term capital appreciation; desire to hedge a receivable

c$.$ the desire for long$-$term investment; the desire to hedge a payable

d$.$ long$-$term investment; long$-$term capital appreciation