Spot next is a term used to describe the day of delivery of the purchased currency the next day after the spot date. It can also be referred to as a ‘next business day’.
AWARDS
Liquidity trap is market’s condition when interest rates are too low and savings rates are too high. They can appear as a result of ineffective monetary policy.
Mine and yours is the term used by the floor traders in order to describe buying and selling process respectively. When they want to buy a security they only type ‘mine’. The same with selling and ‘yours’. This was invented for the quick and easy communication between two brokers during a fast transaction.
Subcategories
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T Article Count: 43
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