SMITHSONIAN AGREEMENT
The Smithsonian Agreement is the agreement that re-established an international system of fixed rates excluding the backing of gold or silver. It was established in 1971 and agreed upon by ten countries to end the Bretton Woods Agreement exchange rate system. The Smithsonian Agreement enabled the devaluation of the US dollar.
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Bullet Loan
Balloon loan paid at the end of the term. The loan will be refinanced to fulfill the balloon payment obligation.
One-Bank Holding Company
A one-bank holding company holds at least a quarter of a commercial bank’s voting stock. Companies of this type led to the formation of lever ...
Foreign Credit Insurance Association - FCIA
A voluntary agency that provides insurance for U.S. exporters. It was formed in 1961.
John Elkann
Chairman of Italian automaker Fiat, and Chairman and Chief Executive Officer of investment company Exor. Both companies are controlled by the Agnel ...
Expected Return
Amount an investor would expect on the return of an investment with various known or expected return rates. This is computed by getting the average ...
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SEE FOREX TUTORIAL
Ethical Investing: Niche Investment Style
Over the past two years, sustainable, responsible, and impact investing (SRI) has grown significantly in the United States. Based on the US SIF Fou ...
Buying a Home: Looking for an Agent
You will need to find an agent if you want to purchase your dream house. These agents are the only ones who have access to lock box codes, which ar ...
Retirement Planning: Allocating Money for Retirement
In the previous tutorial, we outlined the significance of retirement. Now, let’s talk about the how in retirement planning.
“ ...
A Primer on Retirement Planning
Every person dreams of enjoying their lives once they reach their golden years. Most people desire living in a house with a beach front view or a m ...
A Guide to Your Personal Income Tax: Essentials
In the United States, the progressive tax system is one of the most important yet misunderstood concepts of tax planning. Whenever people are asked ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 03:30 | ANZ Jobs Advertisements | Aug | |
| 03:30 | ANZ Jobs Advertisements | Aug | |
| 03:30 | ANZ Jobs Advertisements | Aug | |
| 07:00 | Leading Indicators | Jul | |
| 08:00 | Industrial Production | Jul | |
| 09:00 | Foreign Currency Reserves | Aug | |
| 09:00 | Unemployment Rate | Aug | |
| 10:30 | Sentix Investor Confidence | Sep | |
| 11:00 | GDP revised | 2 quarter |
