Answer: C) Buy a put on the pound.
Step-by-step explanation:
A put option is a contractual obligation giving the owner the right but not the obligation to sell or sell short a specified amount of an underlying asset at a pre-determined price within a specified time frame.
Dash Brevenshure should BUY A PUT on the Pound because that would give him the right to sell the Pound a higher rate when the Pound drops so that he can make a profit on buying more dollars and then using those dollars to buy back a higher amount of Pounds.
If the Put Option allows him to sell Pounds at a rate of £1 is to $1.5 even though the exchange rate has dropped to £1 is to $1.2 then he can buy more dollars if he had a Put option that allowed him to sell the Pound at £1 is to $1.4.
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