Question: A forward foreign exchange contract _ _ _ _ . is priced to equal the spot exchange rate is a type of option that can

A forward foreign exchange contract ____.
is priced to equal the spot exchange rate
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
is a long (or forward) position in a foreign currency
allows a transfer of purchasing power from one currency to another on a predetermined date and at a predetermined exchange rate

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