Question

If you believe the Brazilian real will fall from the present spot rate of $0.2255 /...

If you believe the Brazilian real will fall from the present spot rate of $0.2255 / Brazilian real, which speculative strategy would yield the largest speculative gain?

a.

sell futures on Brazilian real

b.

buy call options on the Brazilian real

c.

none of the other answers

d.

buy futures on Brazilian real

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