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Ms. Trinh is about to start a unit on sharks. Some of her students have a strong interest in sharks and know a lot about them. Others know very little about sharks. When Ms. Trinh gives a reading assignment about sharks, she should expect that:
Foreign Subsidiary
A foreign subsidiary is a company that is owned or controlled by another company but operates in a different country from the parent company.
Parent Company
is a corporation that owns enough voting stock in another firm to control its board of directors and therefore its operational and financial policies.
Forward Rate
The agreed-upon exchange rate for a currency pair to be traded at a future date, used in forward contracts.
Exchange Rate
The cost of converting one currency into another, establishing the equivalent worth of one currency in relation to another.
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