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Indirect Quote
A foreign exchange rate quoted as the domestic currency per unit of the foreign currency.
Journal Entry
A record in the accounting ledger that represents a single financial transaction, showing debit and credit accounts affected.
Call Option
A financial contract giving the buyer the right, but not the obligation, to purchase an asset at a specified price within a certain time period.
Spot Exchange Rates
The current exchange rate at which a currency can be bought or sold for immediate delivery.
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