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The smaller the difference in temperature between the wet bulb and dry bulb on a sling psychrometer, the ________ the air is and the ________.
Spot Rates
The current market price at which a particular asset can be bought or sold for immediate delivery and payment.
Fair Value Hedge
A type of hedge that protects against changes in the fair value of an asset, liability, or an unrecognized firm commitment, often due to changes in interest rates or other market variables.
Forward Contract
A financial derivative that represents a customized agreement to buy or sell an asset at a predetermined future date and price.
Spot Rate
The current market price for exchanging one currency for another for immediate delivery.
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