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Financial Terms

KYC

It helps in preventing fraud and financial crimes such as money laundering. The process involves collecting information about a customer's identity, occupation, and source of income.

KYC, or "Know Your Customer," is a crucial concept in the world of finance. It enables institutions to ensure the legitimacy of their customers and prevent potential financial crimes. By collecting details like identity, occupation, and source of income, KYC helps institutions stay vigilant and protect against fraud and money laundering. In other words, it's a necessary step towards maintaining the integrity and security of the financial industry.

Capital Gain / Loss

Let's dive into the world of finance and discuss a fundamental concept that every investor should be familiar with - capital gain or loss. This refers to the difference betw...

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Algorithmic Trading

Algorithmic Trading is a sophisticated method of executing trades, whereby computer programs or algorithms are employed to carry out transactions with the goal of generating p...

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Foreign Exchange Rate

It is a crucial concept in the world of finance and plays a major role in the global economy. This rate is constantly fluctuating and is influenced by various factors such as...

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CAD

The value of CAD is determined by many factors including the country's economic stability, inflation rate, and global trade agreements. The Canadian Dollar (CAD) serves as ...

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