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Express as a Single Logarithm 5logaq54logar+13logaf3logap5 \log _ { a } q - \frac { 5 } { 4 } \log _ { a } r + \frac { 1 } { 3 } \log _ { a } f - 3 \log _ { a } p

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Express as a single logarithm.
- 5logaq54logar+13logaf3logap5 \log _ { a } q - \frac { 5 } { 4 } \log _ { a } r + \frac { 1 } { 3 } \log _ { a } f - 3 \log _ { a } p


Definitions:

Foreign Exchange Gain

Profit derived from the appreciation of one currency against another in the context of foreign exchange trading or transactions.

Foreign Exchange Loss

A loss resulting from the devaluation of the home currency against a foreign currency in transactions.

Forward Exchange Contract

A financial agreement to exchange a set amount of currencies at a specified rate on a predetermined future date.

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