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An alternative to purchasing real estate directly and finding renters is investing in a
Spot Rate
The current market price used for immediate delivery of a currency, commodity, or financial instrument.
Closing Rate
The exchange rate at the balance sheet date, used to convert the financial statements of a foreign subsidiary to the parent company's presentation currency.
Non-monetary Assets
Assets that are not in the form of cash or cannot be easily converted to cash, such as property, plant, and equipment.
Spot Rate
The current price in the foreign exchange market at which one currency can be exchanged for another currency.
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