Examlex
The highest level need in Maslow's hierarchy of needs is
Unbiased Forward Rate
Theoretically, a forward rate in the currencies market that is equal to the spot rate adjusted for interest rate differentials, without any prediction of future direction.
Forward Rate
The agreed-upon price for a financial transaction that will occur at a future date, often used in the context of foreign exchange or interest rates.
Spot Rate
The current market price of a currency, security, or commodity available for immediate settlement.
Absolute Purchasing Power Parity
A theory that suggests that, in the absence of transaction costs and other barriers, identical goods and services in different countries should have the same price when expressed in a common currency.
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