Examlex
The speed of all electromagnetic waves through vacuum is equal to the reciprocal of the square root of μoεo.
Foreign Exchange Market
A financial market in which the currencies of different countries are traded.
Direct Quote
A representation of the exchange rate between two currencies, stating how much of the home currency is required to buy one unit of the foreign currency.
Forward Exchange Rate
The price agreed upon for a currency transaction that will occur at a future date, used to hedge against currency risk.
Premium
An amount paid in addition to the standard or nominal amount, often for insurance, superior products, or securities above their face value.
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