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Can you please defined the following terms. 1 What are spot ERs? 2. Indirect Quote and Direct quote 3. Swap Transactions (Spot against Forward) 4.

Can you please defined the following terms. 1 What are spot ERs? 2. Indirect Quote and Direct quote 3. Swap Transactions (Spot against Forward) 4. What are forward ERs? 5. Bid and ask quotes

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