Hi Kareem.

Based on your question I believe you mean that you have a project in which the sponsor is risk-tolerant and the project is being undertaken in a country with huge currency fluctuations. In this case, I would say that based on the information provided any of the 3 answers can work. For example, you can mitigate the currency risk by having the project finances in a stable currency. You can also transfer the risk by taking insurance. In my opinion, the information given does not elevate any of the 3 answer choices above each other.

Best.