When a company decides it needs long-term funds by marketing stocks and bonds, it must find people to buy them. This would be very difficult were it n...
The Euromarkets are international money and capital markets, they are concerned with Eurocurrencies, that is, currencies traded in Europe (and elsewhe...
Foreign Exchange dealings take place on the Foreign Exchange market，they may be subject to Exchange Control. The Foreign Exchange market consists of t...
The International Monetary Fund, which began active exchange operations on 1 March 1947, had, by 31 December 1970, concluded exchange transactions wit...
Today every country buys from and sells to other countries. If one country has more bananas than it needs, but no trucks, it may exchange the bananas ...
In 1785 the Congress of the United States chose the dollar, which is made up of 100 cents, as the basic unit of money.1785年，美国国会选用美元作为基本的货币单位，一美元分为一百美...
Every country with an established banking system has a central bank, which acts as banker to the Government in the widest sense. It liaises with and a...
The U.S. Secret Service estimates that some $1 billion of counterfeit U.S. dollars are printed every year. Ninety percent of that amount is confiscate...
Whenever banks are mentioned in China, it is natural to be associated with the People's Bank of China. This is because its branches can be found i...
Finance means the circulation of funds. It includes all economic operations directly related to the currency, the credit, and the circulation of money...