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The graph shown gives the first-class postage rates in the year 1999 for mailing items weighing up to 5 ounces. According to the graph, which of the statements is incorrect? Weight (oz) and Postage Rate (cents)
Spot Market
A public market for trading financial instruments or commodities that are delivered immediately.
Trade Settled
The completion of a securities transaction when the seller delivers the security to the buyer and receives payment in return.
Purchasing Power Parity
An economic theory that compares different countries' currencies through a "basket of goods" approach, to assess relative currency value.
Forward Rate
The forward rate is the agreed-upon interest rate for a financial transaction that will occur at a future date, often used in the context of foreign exchange and bonds.
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