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What is an engineering control?
Uncovered Interest Parity
A financial theory stating that the difference in interest rates between two countries is equal to the expected change in exchange rates between those countries' currencies.
Forward Exchange Rate
The rate agreed upon for exchanging one currency for another at a future date.
Spot Exchange Rate
The immediate rate at which one can purchase or sell currency for on-the-spot delivery.
London Interbank Offer Rate
LIBOR; a benchmark interest rate at which major global banks lend to one another in the international interbank market for short-term loans.
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