SWISS NATIONAL BANK
Independent central bank responsible for Switzerland’s monetary policy and issuing Swiss franc banknotes. Cantons (states) and state-owned banks holds some 55% of SNB’s shares while the rest of the stocks are traded on the Swiss Stock Exchange (SWX). The central bank is responsible for ensuring price stability, and sufficient cash supply in the country and the money market in case of emergency.
POPULAR TERMS
Liquidity Adjustment Facility
A tool in monetary policy where banks are allowed to borrow money through repurchase agreements, and to respond to liquidity pressures. The governm ...
Data Warehousing
Electronic storage of information in a business or corporation. It should be secure, reliable and easy to retrieve and manage. It originated in 198 ...
One-Tailed Test
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 ...
Less-than-Truckload
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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