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What does it mean if a test has a reliability of zero?
International Capital Budgeting
The process of evaluating and selecting long-term investments in different countries, taking into account exchange rates, political risk, and economic factors.
Uncovered Interest Parity
A financial theory stating that the difference in interest rates between two countries is equal to the expected change in exchange rates between those countries' currencies.
Forward Exchange Rate
The rate agreed upon for exchanging one currency for another at a future date.
Spot Exchange Rate
The immediate rate at which one can purchase or sell currency for on-the-spot delivery.
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