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What Is an Advantage of Using Forward Contracts Instead of Options

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What is an advantage of using forward contracts instead of options to hedge against exchange-rate risk?

Understand the psychological and physiological factors contributing to obesity and weight management strategies.
Comprehend the impact of sensory experiences and learning on food preferences and aversions.
Understand the concept of standard error and its calculation for sample means and proportions.
Identify and comprehend point estimators and their role in statistical inference.

Definitions:

Deck

A platform or surface on a ship or boat where people stand, or, in different contexts, a pack of playing cards.

Card Draw

A procedure in games or experiments where cards are selected from a deck, sometimes randomly, to determine outcomes or decisions.

Mayoral Election

The electoral process by which a city or town selects its mayor.

Likely Voters

Individuals who are predicted or identified as potential participants in an upcoming election.

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