Financial English: Banks.
Title: Financial English: Banks.
Category: /Science & Technology/Chemistry
Details: Words: 730 | Pages: 3 (approximately 235 words/page)
Financial English: Banks.
Category: /Science & Technology/Chemistry
Details: Words: 730 | Pages: 3 (approximately 235 words/page)
* 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
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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