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An aircraft company found that as it grew larger in size, it could reduce costs by buying larger, more specialized equipment and taking advantage of specialization of labor and management. This is an example of economies of scale.
Forward Rate
An agreed-upon exchange rate for currencies to be traded at a future date, used in forward contracts.
Israeli Shekel
The official currency of Israel.
Spot Rate
The current market price of a currency, commodity, or security for immediate delivery and payment.
Swiss Francs
The legal currency of Switzerland, known for its stability and used as a benchmark or safe-haven currency in international finance.
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