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A Craft Unit Is a Bargaining Unit Composed Exclusively of Workers

question 41

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A craft unit is a bargaining unit composed exclusively of workers with a specific and recognized skill, such as electricians or plumbers.


Definitions:

Home Currency Approach

A method of assessing an international investment by converting all foreign currencies involved into the investor’s domestic or "home" currency.

Spot Rate

The ongoing market rate at which a certain currency is available for buying or selling for immediate dispatch.

Unbiased Forward Rate

Theoretically, a forward rate in the currencies market that is equal to the spot rate adjusted for interest rate differentials, without any prediction of future direction.

Forward Rate

The agreed-upon price for a financial transaction that will occur at a future date, often used in the context of foreign exchange or interest rates.

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