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Financial Terms

Combating Financing of Terrorism

The concept of Combating Financing of Terrorism involves preventing the flow of funds through financial channels for illegal activities. This includes measures to prevent money laundering and terrorist financing. These efforts are guided by a framework of laws and regulations, both at the national and international levels.

Union Budget

As a finance expert, it is vital to understand the government's financial statements. These reports provide a detailed breakdown of all expenditures and revenues, including ...

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Currency Peg

This policy, known as a fixed exchange rate system, links the value of a country's currency to that of another currency. It is typically implemented by a government to stabi...

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One-sided Market

A market in which the market makers are only able to offer a single price, instead of both the asking and the bid prices, is referred to as a One-sided Market or a One-way M...

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Joint Account

It is a common practice among couples, business partners, or family members. Joint accounts offer the convenience of pooling resources and simplifying financial transactions....

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