GNOMES OF ZURICH
Colloquial and disparaging term denoting Swiss bankers. In 1964, politician George Brown conceived the term in a meeting over the swiftly dropping of the sterling’s value which was part of a currency crisis. British labor ministers believed the foreign exchange speculation activities of Swiss banks caused its devaluation. The term was used again in 2010 when the global financial crisis pressed financial instability in Europe.
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A tool in monetary policy where banks are allowed to borrow money through repurchase agreements, and to respond to liquidity pressures. The governm ...
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Electronic storage of information in a business or corporation. It should be secure, reliable and easy to retrieve and manage. It originated in 198 ...
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A statistical test where the critical area of a circulation is one-sided so that it is either less than or greater than a specific value, but not b ...
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A shipping service that carries small loads of freight, weight between partial and full truckload. The service is being offered by many large and n ...
Original Cost
It simply refers to the total cost associated in buying an asset.
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