Examlex
Gerald feels disgusted when he sees someone paying for groceries using food stamps. This is an example of ______.
Forward Contract
A financial contract between two parties to buy or sell an asset at a specified future time at a price agreed upon today, not traded on an exchange.
Exchange Gain
A profit resulting from foreign currency transactions when the value of the currency received is higher than the value of the currency exchanged at the transaction rate.
Spot Rate
The current market price for immediate settlement of a currency exchange, commodity, or security.
Singapore Dollars (SGD)
The official currency of Singapore, represented by the symbol S$.
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