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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.

SLR

This helps ensure the safety and stability of the banking system. Welcome to our lesson on Statutory Liquidity Ratio (SLR), a key term in the world of finance. As a knowledg...

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Extended Internal Rate of Return (XIRR)

This method takes into account the time value of money and assumes that the cash flows from an investment are reinvested at the same rate. Let's discuss the concept of Exten...

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Gold Funds

A common investment option known as Gold Funds involves pooling money from multiple investors and utilizing it to invest in different forms of gold. These funds typically of...

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Trade

It is a fundamental concept in economics and finance, encompassing various forms such as international trade, bartering, and financial trading. In the world of finance, tr...

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