Financial English: Banks.

Title: Financial English: Banks.
Category: /Science & Technology/Chemistry
Details: Words: 730 | Pages: 3 (approximately 235 words/page)
Financial English: Banks.
* Functions of a central bank: - To implement monetary policy - To influence exchange rates by intervening in foreign exchange markets - To supervise the banking system - To act as a lender of last resort for commercial banks - Ways of implementing monetary policy: * Setting minimum and maximum interest rates to control the credit system * Controlling the amount of banknotes in circulation (issuing and withdrawing banknotes and coins) * Open market operations - selling and …showed first 75 words of 730 total…
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…showed last 75 words of 730 total…at a future date. * Futures market vs. spot market=non-contract market * Forwards - deals to buy or sell goods or currencies at a fixed price at some certain future date, non-standardised Options Option - contractual right to buy or sell a financial security at a certain price on a certain date * Call option - right to buyPut option - right to sell Double option - right to buy or sell, combination of call and put

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