To hedge payables with futures, an MNC would sell futures; to hedge receivables with futures, an MNC would buy futures.

Name: To hedge payables with futures, an MNC would sell futures; to hedge receivables with futures, an MNC would buy futures.
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To hedge payables, an MNC would buy futures (to lock in the cost of a foreign currency it will need to pay), and to hedge receivables, it would sell futures (to lock in the conversion rate for foreign currency it will receive).

To Hedge Payables with Futures, an MNC Would Sell Futures;