Federal Reserve System (“Fed”)
The Federal Reserve System is the central bank of the United States. It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial...
Tagged: Economy
World Currency
In the foreign exchange market and financial markets, the term world currency refers to that legal tender which dominates international transactions alongside serving as world primary currency reserve. World currency is also called global...
Currency
Currency, in economics, refers to a generally accepted form of money, which is basically a medium of exchange or an intermediary used in trade so as to avoid the inconveniences associated with barter system....
Currency Exchange Rates
Exchange rate is a term used in foreign currency market to denote the value of one currency in terms of another currency. It is the rate that determines how many units of a specific...
Euro Zone
Introduction The euro zone formally referred as the euro area as a common fiscal and monetary union of 17 European Union (EU) member states that have accepted euro as common and lone legal tender....