Which of the following statement is TRUE? Select one: a. A negative net exposure position in foreign currency implies that the Fl will make a gain if the foreign currency appreciates b. All of the statements are true. c. A negative net exposure position in foreign currency implies that the FI will make a loss if the foreign currency appreciates d. A positive net exposure position in foreign currency implies that the FI will make a gain if the foreign currency depreciates e. Off-balance sheet hedging involves higher initial costs compared to on-balance sheet hedging