The Steps Involved in a Money Market Hedge for a Foreign

The steps involved in a money market hedge for a foreign currency receivable of a Canadian firm are in order:

A) Borrow Canadian dollars, buy foreign currency spot, invest in foreign currency T-bills, pay foreign currency receivable
B) Borrow Canadian dollars, buy foreign currency spot, invest in Canadian T-bills, collect foreign currency receivable
C) Borrow foreign currency, buy dollar spot, invest in foreign T-bills, collect foreign currency receivable
D) Borrow foreign currency, buy dollar spot, invest in Canadian T-bills, collect foreign currency receivable