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A Forward Exchange Occurs When Two Parties Agree to Exchange

question 119

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A forward exchange occurs when two parties agree to exchange currency and execute the deal at some specific date in the future.


Definitions:

Prospect's Objection

The concerns or hesitations expressed by potential customers or clients during the sales process, which need to be addressed by the seller to successfully close a sale.

Showing a Diagram

The act of presenting a graphical representation of information to visualize concepts, data, or processes.

Salesperson

An individual who sells products or services directly to customers, working to ensure customer satisfaction and achieve sales targets.

Explain

To make (an idea, situation, or problem) clear to someone by describing it in more detail or revealing relevant facts.

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