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The Major Difference Between Currency Futures and Forward Contracts Is

question 61

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The major difference between currency futures and forward contracts is that futures contracts are standardized for ease of trading on an exchange market whereas forward contracts are specialized and tailored to meet the needs of clients.


Definitions:

Mission Statement

A concise declaration of an organization's core purpose and focus that informs its strategies and decision-making.

Business Directive

A formal instruction or policy issued by a company's upper management outlining goals, strategies, or actions to be taken by the organization.

Customer Value

The perceived benefits, both monetary and nonmonetary, that a customer receives from a product compared with the cost of obtaining it.

BCG Matrix

It's a framework that helps organizations analyze product lines or business units for strategic planning, highlighting areas of growth and areas that may require divestment.

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