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do you know what "quantity theory of money" is?
glossary FAQ: glossary.
Braylen I. From United Kingdom
27 December, 2009
a "quantity theory of money " is An economic theory which proposes a positive relationship between changes in the money supply and the long-term price of goods. It states that increasing the amount of money in the economy will eventually lead to an equal percentage rise in the prices of products and services. The calculation behind the quantity theory of money is based upon Fisher Equation:
Calculated as:
Where:
M represents the money supply.
V represents the velocity of money.
P represents the average price level.
T represents the volume of transactions in the economy.
This theory originated in the sixteenth century as European economists noticed higher levels of inflation associated with importing gold or silver from the Americas.
According to how the formula is derived, holding the transaction volume and velocity of money constant, any increases in the money supply will yield a proportional increase in the average price level. Visit FX club
do you know what an "arbitrage" is?
glossary FAQ: glossary.
C. Greer from Topeka, United States
01 August, 2009
The purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market, in order to take advantage of small price differentials between markets. Visit UFX bank
please tell me what a "pairoff" is
glossary FAQ: glossary.
T. Gill from United States
22 October, 2009
1. A purchase of securities to offset a previously transacted sale of the same security.
2. A transaction in securities markets where off-setting buy and sell trades are settled in cash, based on the difference in the prices between the off-setting trades. No securities trade hands; instead the settlement difference between the trades is calculated, and a money wire is sent to the appropriate party.
1. The offsetting position is usually transacted within the same day of the original purchase. This is also referred to as crystallization.
2. Matching trades for pairoff can reduce settlement risks and security wire transfer fees. It is ultimately a form of speculation. Visit UFX bank
do you know what a "AFA" is?
glossary FAQ: glossary.
B. Chapman from Rochester, United States
01 September, 2009
"AFA " is The currency abbreviation or currency symbol for the Afghanistan afghani (AFA). The Afghanistan afghani is made up of 100 pul. The new afghani replaced the prior currency in early 2003, due to the low relative value of the nation's currency.
The currency symbol that the Afgahanistan Afghani is represented by is:
The afghani was first introduced in 1925 to replace the Afghan rupee at a rate of 1 afghani to 1.1 rupees. This conversion was based on the silver contents of the last rupee coins compared to the replacement afghani coins. In 1936, AFA was pegged to the Indian rupee at a rate of 4 afghani to 1 Indian rupee. During most of its life, the afghani has been pegged to the U.S dollar (USD), at rates starting in 1940 of 13 afghani to 1 U.S. Dollar, and devaluing to a rate of 50.6 afghani to 1 U.S. Dollar in 1982.
The current afghani was introduced between October of 2002 and January of 2003, replacing the existing afghani at a rate of 1,000 to 1. The new afghani was valued at 43 afghani to 1 U.S. Dollar. After depreciating for many years, in 2004 the afghani appreciated in value against the U.S. Dollar. This can be attributed to the relative stability of the new currency and promotion of its use within the country. Visit FX Universal
please define the "ex coupon"
glossary FAQ: glossary.
Mckayla V. From Hampton, United States
01 January, 2009
"ex coupon " is A bond sold without the right to the next interest payment. Visit HY Markets