A contract giving the right to receive a specified quantity of foreign currency at a future date is known as:

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A contract giving the right to receive a specified quantity of foreign currency at a future date is known as a future contract. Hedging involves taking actions to reduce the risk of adverse price movements, exchange rates refer to the value of one currency in relation to another, and a maquiladora is a manufacturing operation in Mexico. Therefore, options A, B, and C are not the most appropriate choice.

A Contract Giving the Right to Receive a Specified Quantity