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Currency

Currency basket

Regulative institutions often refer to a variety of foreign currencies as a benchmark when determining the value of a national currency in comparison to other currencies. This serves as a foundation for establishing a currency exchange rate. It is important for individuals to understand the significance of these benchmark currencies in order to make informed financial decisions. With the ever-changing global market, staying knowledgeable about foreign currencies is essential for financial success.

Base interest rate(benchmark interest rate)

Let's delve into the concept of a "prime rate," shall we? This rate, established and released by commercial banks, serves as the base for calculating the interest on various...

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World Trade Organization(WTO)

The World Trade Organization (WTO) is a highly influential international government organization with over 120 member countries. Its primary objective is to regulate and imp...

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Deutsche Akzien Index(DAX 100)

The major German stock index, also known as the DAX, is a vital indicator of the German economy. Comprised of 100 top German companies, it reflects the overall performance o...

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Cable

The exchange rate between the British pound and the US dollar, commonly referred to as GBP/USD, is a crucial financial indicator in the world of finance. It represents the va...

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