STERILIZED INTERVENTION
Purchase or sale of foreign currency done by a central bank in order to influence the domestic currency’s exchange value without modifying the monetary base. It entails two different transactions: 1) purchasing or selling foreign currency assets, and 2) an open market operation encompassing the purchase or sale of US government securities. The said operation offsets or equalizes the effects of intervention on the monetary base.
POPULAR TERMS
Financial Modeling
A method of constructing a financial representation of all aspects of a firm or given security. It is typically characterized by performing calcula ...
Cost Center
Department, division, or unit within an organization responsible for providing additional funding to cover operation costs. It only contributes to ...
Xenocurrency
Xenocurrency refers to a currency which is trading in foreign markets such as those outside its domestic boundaries.
Hope Credit
A nonrefundable education tax credit that may be claimed for students that have yet to complete two years of post-secondary education. The Hope Cre ...
Specific Risk
Specific risk is also known as ‘unsystematic or diversifiable risk’. It is the risk that influences only specific assets which means th ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
A Guide to Your Personal Income Tax: Essentials
In the United States, the progressive tax system is one of the most important yet misunderstood concepts of tax planning. Whenever people are asked ...
A Guide to Your Personal Income Tax: Common Filing Mistakes
Failure to file the return on time is the most common mistake committed by taxpayers. Here are some of the other mistakes, which can cost you a lot ...
Macroeconomics: A Brief History
Macroeconomics is a branch of study under Economics that deals with the economy’s growth and the way it behaves. It examines nationwide pheno ...
How Do You Intend to Live?
How do you want to live?
You are no longer happy with the current state of your home. So you are mulling the idea of moving out or remode ...
Buying a Home: Choosing the Best Location
The first consideration when buying a new house is choosing the place where you want to live, regardless if this will serve as an investment or upg ...
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