Category: Forex Trading

The rates individual borrowers are charged are based on their credit scores, income, and current debts. Banks generally use a formula of federal funds rate + 3 to determine the prime rate it charges its best customers, primarily large corporations that borrow and repay loans on a more or less constant basis. It should not…

In 1868 the Democrats gave partial support to the Greenback movement by endorsing a plan that called for the redemption of certain war bonds by the issuance of new greenbacks. In summary, the greenback is much more than just a slang term for the US dollar. It is a symbol of American economic power and…

These activities lead to the creation of larger, more efficient entities that can compete more effectively in the global market. Banking in India traces its roots from ancient barter systems, evolving through community trust-based practices to formal banking institutions. The establishment of the Bank of Hindustan in 1770 marked a significant transition, with British colonial…