Examlex
The interplay between interest rate differentials and exchange rates, such that each adjusts until the foreign exchange market and the money market reach equilibrium, is called the
Commission Rate
The percentage of a sale amount that is paid to the individual or entity that facilitated the sale, often used in sales jobs and real estate transactions.
Traveller's Cheques
Preprinted, fixed-amount cheques designed to allow the person signing it to make an unconditional payment to someone else as a result of having paid the issuer for that privilege.
Exchange Rate
The equivalent value of a currency when exchanged for a different one.
Round-Trip Transaction
A term referring to the complete process of buying and then selling a financial instrument, or vice versa.
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