A forward foreign exchange contract $\_\_\_\_.$

Question $20$ options:

is a type of option that can be used to hedge against unfavorable changes in foreign currency values at the discretion of the option holder

allows a transfer of purchasing power from one currency to another on a predetermined date and at$$ a predetermined exchange rate

is a long $($or forward$)$ position in a foreign currency

is a short $($or forward$)$ position in a foreign currency

is priced to equal the spot exchange rate