Tag: gold

Banknote definition explanation

What is Banknote?
A negotiable promissory note issued by a bank and payable to the bearer on demand. The amount payable is stated on the face of the note. Banknotes are considered legal tender, and, along with coins, make up the bearer forms of all modern money.

Also known as a “”bill”” or a “”note.”” Read more for examples and further explanation including related video clips and also comments
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National Commodities And Derivatives Exchange – NCDEX definition explanation

What is National Commodities And Derivatives Exchange – NCDEX?
India’s largest and most recognized commodities exchange, which was established in 2003. The exchange was founded by some of India’s leading financial institutions such as ICICI Bank Limited, the National Stock Exchange of India and the National Bank for Agricultural and Rural Development, among others. Read more for examples and further explanation including related video clips and also comments
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USD (United States Dollar) definition explanation

What is USD (United States Dollar)?
The currency abbreviation for the United States dollar (USD), the currency for the United States of America. The United States dollar, or U.S. dollar, is made up of 100 cents and is presented with the symbol $ or US$ to differentiate it from other dollar-based currencies. The U.S. dollar is considered a benchmark currency, and is the currency used the most in transactions across the world. The currency is actually used as an official currency in many countries outside of the U.S., while many others use it alongside their own as an unofficial currency. Read more for examples and further explanation including related video clips and also comments
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Gold Fund definition explanation

What is Gold Fund?
A mutual fund or exchange-traded fund (ETF) that invests primarily in gold-producing companies or gold bullion. The price of shares within a gold fund should correlate very closely to the spot price of gold itself, assuming the fund holds the majority of its assets in bullion or in the stocks and bonds of gold miners and manufacturers. Read more for examples and further explanation including related video clips and also comments
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Bank Of Japan – BoJ definition explanation

What is Bank Of Japan – BoJ?
Headquartered in the business district of Nihonbashi in Tokyo, the Bank of Japan is the Japanese central bank. The bank is responsible for issuing and handling currency and treasury securities, implementing monetary policy, maintaining the stability of the Japanese financial system, and providing settling and clearing services.

Like most central banks, the Bank of Japan also compiles and aggregates economic data and produces economic research and analysis. Read more for examples and further explanation including related video clips and also comments
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Gold Bug definition explanation

What is Gold Bug?
An individual who is bullish on gold. Gold bugs believe that gold is still a stable source of wealth like it was during the years of the gold standard international currency system. A gold bug invests in gold for what he or she perceives as financial security in the event of a currency devaluation, and often also believes that the price of gold will continue to rise in the future. The term also refers to analysts who consistently recommend gold buys. Read more for examples and further explanation including related video clips and also comments
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