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You've rented the movie Sophie's Choice. There is a scene in which Sophie, a recent immigrant from Poland, is both surprised and amused that Americans have so many words for the concept "fast." She reports that in Polish, there is only one word. You've just read Chapter 3 (Social Cognition) , and a friend asks you why the cultures differ in that regard. What would you say?
Settlement Date
The day on which a trade is finalized, and the buyer must make payment and the seller deliver the asset.
Foreign Exchange Gain
Profit arising from the appreciation of a foreign currency relative to the functional currency in foreign currency transactions.
Settlement Date
The date on which a trade or financial transaction must be completed, with the transfer of the asset and payment.
Year End
The end of a fiscal year or accounting period, at which time companies close books and prepare financial statements.
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