Tag: silver

AFA (Afghanistan Afghani) definition explanation

What is AFA (Afghanistan Afghani)?
The currency abbreviation or currency symbol for the Afghanistan afghani (AFA). The Afghanistan afghani is made up of 100 pul. The new afghani replaced the prior currency in early 2003, due to the low relative value of the nation’s currency.

The currency symbol that the Afgahanistan Afghani is represented by is: Read more for examples and further explanation including related video clips and also comments
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New York Mercantile Exchange – NYMEX definition explanation

What is New York Mercantile Exchange – NYMEX?
The world’s largest physical commodity futures exchange. Trading is conducted through two divisions: the NYMEX Division, which is home to the energy, platinum and palladium markets, and the COMEX Division, where metals like gold, silver and copper and the FTSE 100 index options are traded. The NYMEX uses an outcry trading system during the day and an electronic trading system after hours.

You’ll hear the NYMEX referred to as “”The Merc””. Read more for examples and further explanation including related video clips and also comments
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Zakat definition explanation

What is Zakat?
A term used in Islamic finance to refer to the obligation that an individual has to donate a certain proportion of wealth each year to charitable causes. Zakat is a mandatory process for Muslims in order to physically and spiritually purify their yearly earnings that are over and above what is required to provide the essential needs of a person or family. 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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Store Of Value definition explanation

What is Store Of Value?
Any form of commodity, asset, or money that has value and can be stored and retrieved over time. Possessing a store of value is an underlying basis for any economic system, as some medium is necessary for a store of value in order for individuals to engage in the exchange of goods and services. As long as a currency is relatively stable in its value, money (such as a dollar bill) is the most common and efficient store of value found in an economy. Read more for examples and further explanation including related video clips and also comments
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Chicago Board Of Trade – CBOT definition explanation

What is Chicago Board Of Trade – CBOT?
A commodity exchange established in 1848 that today trades in both agricultural and financial contracts. The CBOT originally traded only agricultural commodities such as wheat, corn and soybeans. Now, the CBOT offers options and futures contracts on a wide range of products including gold, silver, U.S. Treasury bonds and energy. Read more for examples and further explanation including related video clips and also comments
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Silver ETF definition explanation

What is Silver ETF?
An exchange-traded fund that invests primarily in raw silver assets, which are held in trust by the fund manager and/or custodian. Typically, silver ETFs are established as grantor trusts, where each share of the ETF represents the specific right to a precise amount of silver, measured in ounces.

Silver ETFs aim to track as closely as possible the spot price of silver on the open market.
The first to market was the iShares Silver Trust, managed by Barclays Global Investors and introduced in 2006. Read more for examples and further explanation including related video clips and also comments
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