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The Three-R's strategy of policing includes the random preventive patrol, patrol officer rapid response rates, and the one-size-fits-all approach.
Credit Terms
Conditions under which credit is extended by a lender to a borrower, including the repayment period and interest rate.
Direct Quotation
A currency quotation method where the local currency is fixed, and the foreign currency varies.
Bid-ask Spread
The difference between the highest price a buyer is willing to pay for an asset (bid) and the lowest price a seller is willing to accept (ask).
Bid Rate
The price at which a buyer is willing to purchase a security, currency, or commodity, often used in financial markets to specify the maximum price a buyer is comfortable with.
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