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Currency

Yen

The Japanese yen, established in 1872, is the official currency of Japan and holds significant value as a reserve currency globally. Its history and current status make it an important subject to understand in the world of finance. Let's delve into the various aspects of the yen and its role in the global economy.
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Dow Jones Averages (DJA)
The Dow Jones Industrial Average, commonly referred to as the Dow, is a key measure of the stock market's performance. Developed by Charles Dow, the founder of the Dow Jones...
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Cross-rate
Let's delve into the concept of cross-currency exchange rates. This refers to the value of one currency in terms of another, when neither of the currencies involved is the U...
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Good Till Cancelled Order (GTC)
A limit order is an instruction to buy or sell a financial asset at a specified price or better. This order remains open until it is executed or canceled by the trader. It a...
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The due date, also known as the maturity date, is the established deadline for the repayment of a financial obligation. It is the date by which the borrower is expected to m...
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Non-client order
In the world of finance, we often come across the term "participant firm" which refers to a firm that has the privilege to trade on an exchange. These firms can make orders ...
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Correspondent bank
As a professor of finance, it is important to understand the role of a foreign bank representative. This individual is often hired by a bank without a local branch to assist...
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Credit Cards
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Terms related to decisions and events initiated by a company that can impact its stock, such as divi
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All terms related to investments like bonds or treasury bills that provide regular, fixed payments,
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All terms and concepts related to mutual funds, which are investment vehicles that pool funds from m
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Trading Terms encompass terminology and phrases commonly used in financial markets, including terms
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