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BIS (Bank of International Settlements)

The Bank for International Settlements, situated in Basel, Switzerland, serves as the central bank for central banks. Its main role is to facilitate communication and cooperation between national central banks and the market. This is crucial in maintaining stability and efficiency in the global financial system. As a market intermediary, the BIS plays a vital role in ensuring the smooth functioning of monetary policies and financial transactions around the world. Its impact extends far beyond its headquarters, making it a key institution in the world of finance.

Customs duty

A duty, also known as a tariff, is a tax that is charged on goods imported into or exported out of a country. These duties are typically paid by the importer and exporter, a...

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Balance of Payment

International transactions refer to the exchange of goods, services, and gold between countries. These transactions are recorded and analyzed to determine the economic perfo...

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Union Budget

As a finance expert, it is vital to understand the government's financial statements. These reports provide a detailed breakdown of all expenditures and revenues, including ...

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GDP Price Deflator

It is used to adjust nominal GDP for changes in prices. The GDP Deflator is a vital tool in measuring inflation and adjusting for changes in prices. It is calculated by com...

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