Which of the following situations is a natural long market risk exposure? a. A company buys wheat to manufacture bread. b. A company plans to borrow debt in the future. c. A company plans to invest in bank deposits in the future. d. None of the other options.

The correct answer is a. A company buys wheat to manufacture bread.

Here's why:

a. A company that buys wheat to manufacture bread has a natural long market risk exposure. This is because the company is exposed to the risk of wheat prices increasing in the future. If wheat prices go up, the cost of producing bread increases, which could reduce the company's profits.

b. A company planning to borrow debt in the future does not have a natural long market risk exposure. This is more related to interest rate risk. If interest rates rise in the future, the cost of borrowing will increase.

c. A company planning to invest in bank deposits in the future also does not have a natural long market risk exposure. This is more related to credit risk or interest rate risk, not market risk.

d. None of the other options is not the correct answer because option a is a correct example of a natural long market risk exposure.