Question: Option D is incorrect it has to be A B or C A US company has to pay a UK company in sterling in one

Option D is incorrect it has to be A B or C

A US company has to pay a UK company in sterling in one month's time. The US company wants to hedge this sterling liability payment using the CME Sterling Currency futures. Which of these statements are correct? I. The company wants to hedge against the $ price of falling. II. The company hedges by buying the futures. A. Both incorrect. B. I. only. C. II. only. D. I. \&

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