Examlex
Describe and discuss Chairman Bernanke's views on inflation targeting and transparency in central banking.
Gilts
Government bonds issued by the United Kingdom, considered low-risk investments since they are backed by the British government.
Unbiased Forward Rates
Interest rates or currency exchange rates that are equal to the expected future spot rates, implying no arbitrage opportunities.
Exchange Rate
The exchange rate reflecting the value of one currency compared to another.
Spot Exchange Rate
This is the current exchange rate at which two currencies can be exchanged immediately.
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