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Important Key Terms Below is a short list of some of the important terms pertinent to foreign currency exchange. Exchange Rate—The value of one currency expressed in terms of another. Forex—The foreign exchange market forex is a global, decentralized, over-the-counter market for the trading of currencies and is the largest market in the world followed by the credit market. This market is a necessity because one unit of currency very rarely equals exactly one unit of another currency.

Theoretically, buyers want the smallest possible spreads, while sellers want the highest spreads. Real-world currency exchanges with money calculator, banks, or businesses...

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Amortized Loan: Paying Back a Fixed Amount Periodically Use this calculator for basic calculations of common loan types such as,oror click the links for more detail on each. Some of the most familiar amortized loans include mortgages, car loans, student loans, and personal loans. The word "loan" will probably refer to this type in everyday conversation, not the type in the second or third calculation.

Below are links to calculators related to loans that fall under this category, which can provide more information or allow specific calculations involving each type of loan. Bond: Predetermined Lump Sum Paid at Loan Maturity...

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