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The Controversy Over the Ivory-Billed Woodpecker Has Pitted Those Who

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The controversy over the ivory-billed woodpecker has pitted those who want to build a massive irrigation project against environmentalists who want to stop the project to protect the woodpecker and other species. A biocentric species egalitarian would probably insist that the


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Year End

The end of a fiscal year or accounting period, at which time companies summarize financial activities.

Spot Rate

The current market price used to directly exchange one currency for another, for immediate delivery.

Forward Rate

The agreed-upon exchange rate for a currency transaction that will occur at a future date.

Average Rate

The average rate is a mean exchange rate over a specified period, used for accounting purposes to convert foreign currencies into the functional currency.

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