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If the spot rate between the U.S. dollar and the Mexican peso is $1 = 12.9841 peso and the 3-month forward rate is $1 = 12.5698 pesos, is the forward peso selling at a discount or a premium?
Congress Adjourns
The formal conclusion or suspension of a legislative session, after which members of Congress leave to return at a later date or for the end of the session.
Veto Message
A statement issued by the president of the United States when vetoing a piece of legislation, outlining his reasons for doing so.
Electoral College
A body of electors established by the United States Constitution, which formally selects the President and Vice President based on the popular vote in each state.
Constitutional Amendment
A change or addition to the US Constitution, requiring approval by a significant majority in Congress and ratification by a set number of states.
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