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John and Bob agree to start a gutter cleaning business together.Even though they did not reduce their agreement in writing,the law will treat them as partners if they share management and profits.
Uncovered Interest Parity
A theory in economics that posits the difference in interest rates across two countries will match the anticipated shift in exchange rates between their currencies.
Interest Rate Parity
A theory stating that the difference between the interest rates of two countries is equal to the differential between the forward exchange rate and the spot exchange rate of their currencies.
Forward Exchange Rate
An agreed exchange rate for a currency transaction that will occur at a future date.
Spot Exchange Rate
The current price for exchanging one currency for another, available for immediate delivery.
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