1. A forward sale can be replicated by:
(a) Selling a put and buying a call.
(b) Selling a foreign T-bill and buying a domestic T-bill.
(c) Buying a put and selling a call.
(d) Both b and c
(e) All of the above
2. A put can be replicated by:
(a) Buying a call and selling foreign currency forward.
(b) Buying a foreign T-bill and selling a call.
(c) Buying a domestic T-bill, selling a foreign T-bill, and buying a call.
(d) Both a and c
(e) All of the above
3. A call can be replicated by:
(a) Buying foreign currency forward and buying a put.
(b) Buying a foreign T-bill and selling a put.
(c) Buying a put, selling a domestic T-bill, and buying a foreign T-bill.
(d) All of the above
(e) None of the above