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Johnny hit his sister while they were playing and as a result,his mother made him sit in a chair in the guest bedroom by himself for 5 minutes.What procedure is illustrated in this example?
Currency
A system of money in general use in a particular country, facilitating the exchange of goods and services.
Interest Rate Parity
A theory which says that the difference between the interest rates of two countries is equal to the differential between the forward exchange rate and the spot exchange rate of their currencies.
Forward Rates
The predetermined interest rates or currency exchange rates agreed upon for transactions that will be executed at a future date.
Spot Rate
The existing market cost at which a certain asset is offered for buy or sell, ensuring immediate delivery.
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