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Differentiate the function and find the slope of the tangent line at the given value of the independent variable.
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Spot Exchange Rate
The current exchange rate at which a foreign currency can be bought or sold for immediate delivery.
Forward Exchange Rate
The forward exchange rate is the agreed-upon exchange rate for a currency pair to be traded on a future date, used to hedge against currency risk.
Foreign Exchange Market
A financial market in which the currencies of different countries are traded.
Direct Quote
A representation of the exchange rate between two currencies, stating how much of the home currency is required to buy one unit of the foreign currency.
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