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Dictionray of Banking & Finance (3rd Ed.) by A & C Black

Dictionray of Banking & Finance (3rd Ed.) by A & C Black

Forex Trading – Foreign Exchange Course

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Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.

The Dictionary of Banking and Finance provides comprehensive coverage of all the terms used in banking and finance at all levels of complexity ranging from personal bank accounts to international money funds. This is an invaluable tool for financial professionals, students and anyone interested in trying to make sense out of the newspaper headlines about chaos in the financial sector. It features more than 9000 entries providing clear, up-to-date coverage of timely topics, encyclopedic comments on banking and finance practices, explanation of complex terms such as “poison pills” and special supplements on currency, international banks and stock exchanges.

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