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You serve on a board that is in the process of reviewing a complaint against an area police officer. You will be helping to investigate the complaint and make a recommendation, but you will leave it to internal affairs to determine action. What is this an example of?
Foreign Currency Units
Units of foreign currency that are used as a medium of exchange for international transactions or investments.
Spot Rate
The current market price at which a particular currency can be bought or sold for immediate delivery.
Forward Rate
The agreed-upon exchange rate for a currency transaction that will occur at a future date.
Forward Contract
A financial agreement to buy or sell an asset at a future date at a price established at the outset, used to hedge against price fluctuations.
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