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Partial Trial Balance
A component of a trial balance that includes selected accounts or transactions, often used for analyzing or adjusting specific financial information.
Spot Rates
The present market rate at which a currency is available for immediate purchase or sale.
Merchandise
Goods or items that a business sells to its customers.
Forward Contract
A non-standardized agreement between two parties to buy or sell an asset at a specified future time at a price agreed upon today.
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