The four types of hedging categories that exist are undesignated hedges, fair value hedges, cash value hedges, and net investment hedges.

Name: The four types of hedging categories that exist are undesignated hedges, fair value hedges, cash value hedges, and net investment hedges.
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The correct categories are fair value hedges, cash flow hedges, and net investment hedges. There is no category specifically called "undesignated hedges" or "cash value hedges" in standard hedging practices.

The Four Types of Hedging Categories That Exist Are Undesignated