Examlex
Currency markets operate under a system of _____ in which the prices of different currencies move up or down based on the demand for and the supply of each currency.
Spot Rate
The current market price for immediately exchanging one currency for another.
Forward Contract
A binding financial agreement to buy or sell an asset at a predetermined future date and price.
Journal Entries
The foundation of the double-entry bookkeeping system, journal entries record all financial transactions in a company's accounting system.
Forward Contract
An individually tailored pact between two sides for the buying or selling of an asset at an agreed price on a future date.
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