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If speculators expect the spot rate of the Canadian dollar in 30 days to be ____ than the 30-day forward rate on Canadian dollars, they will ____ Canadian dollars forward and put ____ pressure on the Canadian dollar forward rate.
Transaction Costs
The expenses associated with buying or selling goods, services, or financial instruments, which may include commissions, fees, and bid-ask spreads.
Fair Value
A financial term for the estimated worth of an asset or liability, based on current market conditions.
Commercial Paper
An unsecured, short-term debt instrument issued by companies to finance payroll, receivables, and other short-term liabilities.
Secured Notes
Debt instruments that are backed by a security interest in the borrower's assets, providing more assurance of repayment to the lender.
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