Examlex
In a flexible exchange rate system, the price of foreign exchange is established by central banks.
Original Offer
The initial proposal or bid made by one party in a negotiation.
Opening Stance
The initial position or attitude one adopts at the beginning of a negotiation or debate, often setting the tone for discussions and indicating preliminary expectations or demands.
Firmness
The quality of being resolute or showing steadfast adherence to a decision or opinion.
Committed Position
A firm stance or viewpoint held in a negotiation, often difficult to change or negotiate away from.
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