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In ________,All Similar Equipment or Functions Are Grouped Together

question 13

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In ________,all similar equipment or functions are grouped together.


Definitions:

Fair Value Hedge

A hedge that protects against changes in the fair value of an asset, liability, or an unrecognized firm commitment that is attributable to a particular risk.

Forward Contract

A customized contract between two parties to buy or sell an asset at a specified price on a future date.

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