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Currency

New York Stock Exchange(NYSE)

The New York Stock Exchange, commonly known as NYSE, is a prominent stock exchange in the United States. It was established in May 1792 and is home to the popular Dow Jones index as well as the NYSE Composite index. These indices are important indicators of the overall performance of the stock market and are closely monitored by investors and analysts alike. As a finance professor, I believe it is vital to understand the significance of NYSE in the world of finance.

EUR

The Euro, which is the official currency of the Eurozone, is denoted by the symbol €. This currency symbol is derived from the Greek letter epsilon (ε) with two parallel hor...

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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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SONIA

SONIA, or the Sterling Overnight Index Average, is a key benchmark in the world of finance. It measures the overnight interest rate that banks pay for unsecured transactions...

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Non-trading Operation

In finance, there are four key types of operations that are essential to understand: deposits, withdrawals, repayments, and extensions of credit. Deposits refer to the act o...

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