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Explain the model of exploration that sixteenth-century Spain set for France and England and discuss those two countries' attempts at exploration in the New World.
Forward Contract
A customized contractual agreement to buy or sell an asset at a specified price on a future date, used to hedge against price movements.
Fair Value Hedge
A hedge of the exposure to changes in the fair value of an asset or liability, or an unrecognized firm commitment, that is attributable to a particular risk.
Thailand Bahts
The currency of Thailand, used as the standard monetary unit in the country.
Put Option
A financial contract that gives the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a predetermined price within a specified time frame.
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