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OPEC

Hello class, today we will be discussing the Organization of Petroleum Exporting Countries, also known as OPEC. Let's start with the term "Opening Print". This refers to the first price at which a stock is traded for the day, as indicated on the ticker. OPEC is a group of countries that control a significant portion of the world's oil supply. Now, let's dive deeper into the financial implications of OPEC's actions.

Revolving credit

A revolving letter of credit is a financial instrument commonly used in international trade. It allows the buyer to make multiple draws against the credit, as long as the to...

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Quick Ratio

One term frequently used in the world of finance is the current ratio. This ratio reveals a company's financial prowess by comparing its cash and equivalents to its current ...

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Order

It specifies the type of security, the amount to be bought or sold, and the price at which the transaction should take place. Orders can be market orders, which are executed ...

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Nominated bank

A vital aspect of a documentary credit is the designated bank, responsible for making payments or issuing deferred payment undertakings. This bank, also known as the nominat...

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