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Terminal operations are ________; they perform the requested operation when they are called.
Transaction Costs
Expenses incurred when buying or selling securities, including broker fees, commissions, and other charges that affect the profitability of investments.
Forward Contracts
Non-standardized contracts between two parties to buy or sell an asset at a specified future time at a price agreed upon today.
Organized Exchange
A regulated marketplace for the trading of securities, commodities, derivatives, and other financial instruments.
Futures Contracts
Standardized agreements to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.
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