Maturities of Hedging Instruments and the Maturity of Currency Exposures

Maturities of hedging instruments and the maturity of currency exposures rarely are the same because:

A) maturities of hedging instruments are standardized and set by the exchanges where they are traded.
B) maturities of hedging instruments are not fixed and can change as circumstances change.
C) maturities of currency exposures are not fixed and can change as circumstances change.
D) the maturity of hedging instruments is not known when the hedging instruments are acquired.