On the line in front of each statement,enter the letter corresponding to the term that best fits that statement.You may use a letter more than once and some letters may not be used at all.
Definitions:
Spot Rate
The present market rate at which a specific currency is available for purchase or sale for on-the-spot delivery.
Foreign Currency
Currency used in a country other than one's own, involved in international transactions or investments.
Forward Contract
An agreement to buy or sell an asset at a specified future date for a price that is agreed upon today.
Exchange Rates
The value of one currency for the purpose of conversion to another, which fluctuates based on market conditions and economic factors.
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