Match the following :
| (a) Forward Exchange | (i) A device of covering exchange risk against the price rise of foreign currency |
| (b) Hedging | (ii) A contract to buy and sell foreign exchange against another currency at some fixed rate in the future at a price agreed upon now |
| (c) Arbitrage | (iii) The movement of exchange rate between two limits set by the cost of moving gold from one country to another |
| (d) Specie point | (iv) A mechanism which makes. two markets that are physically separate. a single market in the economic sense. |
Choose the correct option from those given below :
1
(a) - (ii), (b) - (i), (c) - (iv), (d) - (iii)
2
(a) - (ii), (b) - (iii), (c) - (iv), (d) - (i)
3
(a) - (iv), (b) - (i), (c) - (ii), (d) - (iii)
4
(a) - (iv), (b) - (iii), (c) - (ii), (d) - (i)