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Two-year-old Katya has a vocabulary that includes the word kitty.When she goes to a zoo for the first time,she refers to all four-legged animals with tails as "kitty." Kim's behavior provides an example of
Payment Due
The amount of money that must be paid by a certain date to avoid incurring late fees or default.
Year End
The end of a fiscal year or accounting period, at which time companies summarize financial activities.
Spot Rate
The current market price used to directly exchange one currency for another, for immediate delivery.
Forward Rate
The agreed-upon exchange rate for a currency transaction that will occur at a future date.
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