6 Terms
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Finance
Industry: Financial services
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Finance
Spread
Financial services; Finance
The difference between the bid price and the ask price of a security. For a stock option, the spread would be the difference between the strike price and the market value.
Broad money
Financial services; Finance
In economics, broad money refers to the most inclusive definition of the money supply. Since cash can be exchanged for many different financial instruments and placed in various restricted accounts, ...
Narrow money
Financial services; Finance
A category of money supply that includes all physical money like coins and currency along with demand deposits and other liquid assets held by the central bank. In the United States narrow money is ...
Velocity of money circulation
Financial services; Finance
The rate at which money is exchanged from one transaction to another, and how much a unit of currency is used in a given period of time. Velocity of money is usually measured as a ratio of GNP to a ...
Rediscount
Financial services; Finance
The act of discounting a short-term negotiable debt instrument for a second time. Banks may rediscount these short-term debt securities to assist the movement of a market that has a high demand for ...
Special drawing Rights
Financial services; Finance
An international type of monetary reserve currency, created by the International Monetary Fund (IMF) in 1969, which operates as a supplement to the existing reserves of member countries. Created in ...
Option
Financial services; Finance
A financial derivative that represents a contract sold by one party (option writer) to another party (option holder). The contract offers the buyer the right, but not the obligation, to buy (call) or ...
