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BIS (Bank of International Settlements)

The Bank for International Settlements, situated in Basel, Switzerland, serves as the central bank for central banks. Its main role is to facilitate communication and cooperation between national central banks and the market. This is crucial in maintaining stability and efficiency in the global financial system. As a market intermediary, the BIS plays a vital role in ensuring the smooth functioning of monetary policies and financial transactions around the world. Its impact extends far beyond its headquarters, making it a key institution in the world of finance.

Input Tax

It is a key concept in finance, as it affects a company's bottom line and cash flow. Input tax can be reclaimed through the process of tax deductions, which allows businesses...

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Bad Debt

Bad debt is when a company acknowledges that it is unable to recover the money owed to them by a customer. This occurs when the customer is incapable of repaying the amount bo...

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Customs duty

A duty, also known as a tariff, is a tax that is charged on goods imported into or exported out of a country. These duties are typically paid by the importer and exporter, a...

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Depreciation

A currency's decrease in value, also known as depreciation, can be influenced by various factors such as political turmoil and weakening economic conditions. This results in...

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