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What Is the Difference Between Synchronous and Asynchronous Communications? Provide

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Essay

What is the difference between synchronous and asynchronous communications? Provide examples for each.


Definitions:

Forward Rate

The agreed-upon future price of a financial transaction, typically used in the context of currency exchange rates or interest rates for financial instruments.

Indian Rupees

The official currency of India, symbolized as ₹ and abbreviated as INR, used for all forms of transactions within the country.

Import

The act of bringing goods or services into one country from another for the purpose of trade.

Interest Rate Parity

A theory suggesting that the difference in interest rates between two countries will be equal to the differential between the forward exchange rate and the spot exchange rate.

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