Which of the following is not an instrument used by U.S.-based MNCs to cover their foreign currency positions?
A) forward contracts.
B) futures contracts.
C) non-deliverable forward contracts.
D) options.
E) all of the above are instruments used to cover foreign currency positions.

Question

Quizplus · Accepted Answer

All of the options listed (A, B, C, and D) are instruments used by U.S.-based MNCs to cover their foreign currency positions.

Which of the Following Is Not an Instrument Used by U.S.-Based