Examlex
Authority refers to power that is prescribed and legitimate within a social/cultural setting.
Spot Rate
The present going rate for a specific currency to be purchased or exchanged, available for prompt delivery.
Hedge
A financial strategy used to reduce the risk of adverse price movements in an asset.
Hedge
An investment position intended to offset potential losses or gains that may be incurred by a companion investment, commonly used for risk management.
Exchange Variations
Refers to the fluctuations in the value of currencies in the foreign exchange market, impacting the value of foreign currency transactions.
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