International Money and Business summary Questions and Answers 2023
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Bank discount method - -Financial instruments traded using the bank discount method are quoted in terms of a percentage discount from their face value rather than at their yield or rate of return -... London Interbank Bid Rate (LIBID) - -The rate top banks pay for taking in Eurocurrency deposits in the London market -London Interbank Offered Rate (LIBOR) - -The rate at which top banks lend money to each other for a specified term in the London market. It is a key market reference rate. It's set at 11 a.m. London time every business day by the British Banking Association. -Eurocurrency market - -International market in which banks take deposits and make loans in a range of currencies outside the home country for those currencies and out with the direct regulatory control of the central banks responsible for this currency. -Investment horizon - -The total length of time that an investor expects to hold a security or portfolio. The investment horizon is used to determine the investor's income needs and desired risk exposure, which is then used to aid in security selection. -Domestic money market - -Market in which short-term funds are borrowed and lent in the local currency, subject to the control of regulatory authorities of that country, normally the central bank. [Show More]
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