Examlex
Identify and explain the three functions of the foreign exchange market.
Depreciation Expense
A measure of the reduction in value of an asset over time, often used for tax and accounting purposes.
Net Cash Flow
The difference between a company's cash inflows and outflows over a period of time.
Taxable Income
Taxable income is the portion of an individual's or corporation's income used to determine how much tax they owe to the government in a specific period.
Operating Costs
Expenses associated with the day-to-day functioning of a business, excluding financing costs and taxes.
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