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Currency

Price

The purchase or sale rate of the underlying currency is known as the strike price. This is the agreed upon price at which the currency can be bought or sold. It serves as a reference point for determining the profitability of a currency option. Understanding the concept of strike price is crucial in navigating the world of finance and making informed decisions in currency trading.
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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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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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Z-Score
A crucial concept in finance, the Z-score is a statistical tool that measures the distance a data point is from the mean of a data set. It is calculated in terms of standard...
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INR
The currency symbol for the Indian Rupee is ₹, which is derived from the Devanagari letter "र" (ra). The Rupee is the official currency of India and is used by over 1.3 bill...
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FOMC
The Federal Open Market Committee (FOMC) is a crucial decision-making body responsible for setting monetary policy in the United States. This involves determining money supp...
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Instant execution
In the world of finance, it is common to encounter the term "quotes" in reference to trade systems. Essentially, a quote is the price at which a security or asset is current...
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Currency
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The "Property" category in finance encompasses all aspects related to real estate and tangible asset
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Options and Futures
All terminologies and concepts related to financial derivatives, including options and futures contr
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Financial Instruments
Legal contracts that represent financial value, such as stocks, bonds, options, futures, and various
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A comprehensive resource containing definitions and explanations of terms, concepts, and jargon used
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