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Asked in Economics, Acronyms & Abbreviations
Difference between gross domestic product and gross national product?
GNP = GDP + income transactions from foreign sources to domestic firms - income transactions from domestic sources to foreign firms ...
Asked in World Currencies
Are there disclosure requirements in the US that govern the reporting practices of foreign currency transactions?
Yes the SEC as of 1997 does require disclosure from organizations that are participating in foreign currency transactions. One reason being the exchange rate between that foreign country and the US and how that currency could change and result in an unanticipated gain or loss for the organization. ...
Asked in Politics and Government
What does the government department of CFIUS do?
The Committee on Foreign Investment in the United States is part of the Department of the Treasury. CFIUS oversees and encourages foreign trade. They also take into account the security risks of foreign transactions. ...
Asked in Definitions
What exactly is the definition of currency hedging?
Currency hedging is also known as foreign exchange hedging. It involves a method used by companies to eliminate risk resulting from foreign exchange transactions. ...
What is foreign exchange operations?
The Eurosystem conducts foreign exchange operations according to Article 105 and consistent with the provisions of Article 111 of the Treaty establishing the European Community. Foreign exchange operations include foreign exchange interventions; operations such as the sale of foreign currency interest income and so-called commercial transactions. ...
Asked in Foreign Exchange (Forex)
What is the function of authorized dealer foreign exchange?
AD Category "A" branches are authorised to maintain Foreign Currency Accounts and also open and maiontain NOSTRO Accounts. "B" categy branches handle trade and Service related transactions denominated in foreign currencies and Rupees and also operate the Nostro accounts. C Category branches handle trade and Service related transactions denominated in foreign currencies and Rupees but have report through a Link Office, B category branch................ ...
Asked in Nigeria, Business Law
What assurances must internal accounting controls provide to satisfy the requirements of the Foreign Corrupt Practices Act of 1977?
Transactions are executed in accordance with management's authorization; Transactions are recorded as necessary; Access to assets is permitted only in accordance with management's authorization ...
What are the three major types of cross-border transactions?
3 major types of cross-border transactions: buying or selling products buying or selling services producing or selling products or services abroad by establishing a foreign presence tluough direct investment. ...
Asked in Economics, Foreign Exchange (Forex)
What is foreign exchange and what is it's significance?
According to the dictionary of financial terms any type of financial instrument that is used to make payments between countries is considered foreign exchange. The list of instruments includes electronic transactions, paper currency, checks, and signed, written orders called bills of exchange. Large-scale currency trading, with minimums of $1 million, is also considered foreign exchange and can be handled as spot price transactions, forward contract transactions, or swap contracts. Spot transactions close at the market price within two days, and the others are set...
How many type of transactions are there?
Two types of transactions: Cash Transactions- Where payment is made immediately by cash or cheque. Credit Transactions- Where the goods or services hands immediately but payment take place at a later time. ...
Asked in Authors, Poets, and Playwrights
What has the author Aaron Xavier Fellmeth written?
Aaron Xavier Fellmeth has written: 'The law of international business transactions' -- subject(s): Export sales contracts, Foreign trade regulation, Risk ...