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Bank Of The United States Federal Reserve
1,059 wordsA common definition of a bank is a financial intermediary that accepts, transfers, and, most important, creates deposits. This includes such depository institutions as central banks, commercial banks, savings and loan associations, and mutual savings banks. Banks are most frequently organized in corporate form and are owned either by private individuals, governments, or a combination of private and government interests. Although non corporate banks-that is, single proprietorships and partnership...
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Foreign Currency Foreign Trade
1,529 words... highest yearly value export level registered since 1989. In year 2000, monthly average was USD 863. 9 million (in 1999 monthly average was USD 708. 6 million). Industrial products represented 97. 4 % of total exports in 2000, while products from agriculture and forestry held a weight of only 2. 6 % (Romania export in 2000). In the structure of exports by goods, five sections of goods hold 69. 7 % of total exports: textile matters and articles thereof (24. 2 %), metallurgical products (16. 0 ...
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Refers To As Dollar Ization Demand For Dollars Countries
334 wordsRichard W. Stevenson s article Greenspan View on Wider Use of Dollar discusses a process he refers to as dollar ization. According to Mr. Stevenson, A number of countries have been considering abandoning their national currencies and adopting the American dollar the accepted international benchmark of stability as a way of reducing interest rates, inflation, and exchange rate volatility. It is this process that he refers to as dollar ization. According to the article, several countries already u...
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European Central Bank Maastricht Treaty
4,658 wordsIt has been a long time in the making, but scheduled plans have marked January 1, 2002 as the date that the new Euro currency banknotes and coins will be introduced in Europe. July 1, 2002 is the designated day that the changeover to a monetary union will be complete. The discussion as to the risks and benefits of this monetary union has been all the talk around the world. This union will have vast and far-reaching effects that will touch not only the countries in the union, but the entire world...
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European Central Bank Monetary Union
2,297 wordsTo most people in the United States hearing the word Euro brings about blank stares. Ask this same question in England or another European country and it means bringing Europe together under one common currency. The Euro can be defined as the common monetary system by which the participating members of the European Community will trade. Eleven countries Germany, France, Spain, Portugal, Ireland, Austria, the Netherlands, Belgium, Luxembourg, Finland and Italy will comprise the European Economic ...
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Strengths And Weaknesses Treaty Of Paris
1,314 wordsStrengths And Weaknesses Of The Confederation And Strengths And Weaknesses Of The Confederation And What Was Done To To Correct The Weaknesses Strengths and Weaknesses of the Confederation? The band which at present holds us together, by a very feeble thread, will soon be broken, when anarchy and confusion must ensue. ? George Washington said this while describing the current government of the United States. With the ratification of Maryland on March 1, 1781, the Articles of Confederation went i...
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