Examlex
Which of the following is NOT a component of a successful JHA program?
Forward Exchange Contract
An agreement to exchange currency at a future date at a predetermined rate.
Cash Flow Hedge
A type of financial hedge that protects against exposure to cash flow risk or uncertainty from variable cash inflows or outflows.
Spot Rate
The existing rate at which a certain currency is available for immediate purchase or sale.
Forward Contract
A financial derivative instrument between two parties to buy or sell an asset at a specified future time at a price agreed upon today.
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