Price Exchange Specification
Definition
Price Exchange Specification. The specification of a price in terms of the exchange of some quantity of some item of value in return for some quantity of the item so priced. That is, a simple price or exchange ratio which specifies the amount of an asset that will be exchanged for another asset;
Prices that fall into this category include: 1. Exchange Rates the amount of one currency that can be exchanged for a unit of another currency 2. Commodity Price the amount of a specific Commodity that can be exchanged for a unit of a currency 3. Security price per Hundred where - albeit not explicit - the numerator asset is today’s Currency and the denominator Asset is future Currency (face Value). Notes Origin: NAB
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