Examlex
Which of the following is NOT a characteristic of a bureaucracy:
Spot Rate
The current market price at which a particular currency can be bought or sold for immediate delivery.
Forward Rate
The agreed-upon exchange rate for a currency transaction that will occur at a future date.
Forward Contract
A financial agreement to buy or sell an asset at a future date at a price established at the outset, used to hedge against price fluctuations.
Spot Rate
The current market price at which a currency can be bought or sold for immediate delivery and payment.
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