Which of the following statements is CORRECT? a) The hedging of a foreign currency for which no forward contract is available with a highly correlated currency for which a forward contract is available is referred to as cross-hedging. b. To hedge payables with futures, an MNC would sell futures, to hedge receivables with futures, an MNC would buy futures c. A futures hedge involves taking a money market position to cover a future payables or receivables position d. To hedge a payable position with a currency option hedge, an MNC. would write a call option