The following exchange rates existed between the U.S. dollar and the Canadian dollar at a given point in time: 
-If an American firm expects to receive payment in Canadian dollars 90 days from now and is concerned that the spot exchange rate in 90 days will be less than U.S. $0.7016, it should
A) agree to buy Canadian dollars forward at the exc 
B) agree to deliver Canadian dollars 90 days from now in exchange for
by selling the Canadian dollars forward.
C) agree to buy 1.4253 U.S. dollars 90 days from now in exchange for 0.7016 Canadian dollars.
D) agree to deliver 1.4253 U.S. dollars 90 days from now in exchange for 0.7016 Canadian dollars.
Correct Answer:
Verified
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