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Define and discuss discretion with juveniles.
Exchange Rates
The value of one currency expressed in terms of another currency, used in international transactions and foreign exchange markets.
Foreign Exchange Loss
A decrease in domestic currency value due to holding foreign currency or financial instruments as they depreciate against the home currency.
Forward Contract
A financial instrument agreement to buy or sell an asset at a predetermined future date and price.
Spot Rate
The present going rate for a specific currency to be purchased or exchanged, available for prompt delivery.
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