Examlex
Select the word that is spelled correctly.
Discount
A reduction applied to the nominal price or face value of something for promotional purposes, or to reflect current market values.
Forward Contract
A financial derivative contract obligating the buyer to purchase an asset, or the seller to sell an asset, at a predetermined future date and price.
Exchange Rates
The rate at which one currency can be exchanged for another.
Spot Rate
The current market price used for immediate settlement of transactions involving a foreign currency.
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