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The Munich worldview stipulated that it would be foolish to
Foreign Currency
Monetary units issued by countries other than the home country of a business or investor, involved in international transactions.
Right to Sell
The legal permission or authority given to a person or entity to sell a product or service.
Currency Swap
A financial derivative product that allows two parties to exchange principal and interest in different currencies, used to hedge currency risk or obtain financing in foreign currency.
Forward Contract Payable
A financial instrument obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and price.
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