Examlex
The CMA exam consists of two parts, each part of the exam is 8 hours long.
Discount
The reduction in the nominal value of something or the process of determining the present value of future cash flows.
Direct Quote
In foreign exchange, a price quote that specifies the domestic currency price of one unit of foreign currency.
Indirect Quote
A currency quotation in the foreign exchange markets that expresses the amount of foreign currency required to buy or sell one unit of the domestic currency.
Forward Rate
The agreed-upon price for a financial transaction that will occur at a future date, as in currency or interest rate swaps.
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