Examlex
Which of the following is an example of an externality?
Forward Contract
A personalized agreement between two entities to purchase or sell a specific asset at a predetermined price on a later date.
Thermal Compressors
Devices that use heat energy to compress a gas, often used in heat pump and refrigeration systems.
Spot Rate
The current market price at which a currency can be bought or sold for immediate delivery.
Forward Rate
An agreed-upon price for a financial transaction that will occur at a future date, often used in foreign exchange and interest rate markets.
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