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If the spot for the British pound (GBP) is $1.6950/GBP and the 30-day forward rate is $1.6921/GBP, then the pound is trading at a ________ in the 30-day market.
Shaft Speed
The rotational speed of a shaft, measured in revolutions per minute (RPM), indicating how fast the shaft is spinning.
Spur Gears
Gears with teeth that are straight and mounted on parallel shafts, commonly used in machinery for transferring motion and power.
Perpendicular
Describes two lines or planes that intersect at a right angle (90 degrees) to each other.
Non-intersecting
Refers to lines, paths, or objects that do not cross each other or share any common points in a given plane or space.
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