Examlex
Business managers must often make decisions without the benefit of a complete accounting system.
Forward Rate
The future interest rate agreed upon in a forward contract, determining the cost of borrowing or lending for future transactions.
Spot Rate
The current market price of a commodity, currency, or security that is available for immediate settlement.
Direct Quote
A foreign exchange rate quoted as the domestic currency per unit of the foreign currency.
British Pound
The currency of the United Kingdom, symbolized as GBP.
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