THE STEPS INVOLVED IN A MONEY MARKET HEDGE FOR A FOREIGN CURRENCY RECEIVABLE OF A CANADIAN FIRM ARE IN THIS ORDER:

Select one:

a. BORROW FOREIGN CURRENCY, BUY DOLLAR SPOT, INVEST IN CANADIAN T-BILLS, COLLECT FOREIGN CURRENCY RECEIVABLE

b. BORROW CANADIAN DOLLARS, BUY FOREIGN CURRENCY SPOT, INVEST IN FOREIGN CURRENCY T-BILLS, PAY FOREIGN CURRENCY RECEIVABLE.

c. BORROW FOREIGN CURRENCY, BUY DOLLAR SPOT, INVEST IN FOREIGN T-BILLS, COLLECT FOREIGN CURRENCY RECEIVABLE.

d. BORROW CANADIAN DOLLARS, BUY FOREIGN CURRENCY SPOT, INVEST IN CANADIAN T-BILLS, COLLECT FOREIGN CURRENCY RECEIVABLE.