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Which of the following statements is true? O a. The daily settlement of futures contracts reduces exchange rate risk relative to forward contracts. O b.

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Which of the following statements is true? O a. The daily settlement of futures contracts reduces exchange rate risk relative to forward contracts. O b. Credit risk is bome exclusively by the bank in a forward contract. OG If a company purchases both a currency call option and a currency put option then their combination is identical to a short forward. Od. None of the statements in this question are true

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