Examlex
What is the difference between general intent and specific intent?
Spot Rate
The current market price at which a currency can be bought or sold for immediate delivery.
Forward Rate
An agreed-upon exchange rate for a currency transaction that will occur at a future date.
Spot Rate
The current market price to immediately exchange one currency for another, often used for immediate currency trades.
Forward Contract
A customizable financial contract between two parties to buy or sell an asset at a specified future date and price.
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