The Money exchange


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Q: do you know what a "cross currency pairs" is?

Category: glossary , Asked by: U. Lynn from Austria

A: A pair of currencies that does not include the U.S. Dollar. For example: EUR/JPY or GBP/CHF. Visit Forex Club

  1. Q: Which forex site has a good server connection?

    Category: technical , Asked by: J. X. From Netherlands

    A: If you need a forex site that's got the most reliable server connection, you should definitely check "Dukascopy". Players are frequently satisfied with the connection to the system, you don't bump into many of the familiar communication disruptions you many times encounter with large servers. The connection to the server is undisturbed. And it is absolutely effortless to handle the trading environment.

  2. Q: what is a "credit insurance"?

    Category: glossary , Asked by: G. Burch from United Kingdom

    A: Insurance which covers the monthly payments on an outstanding debt for a fixed period, in the event of illness or unemployment.

  3. Q: please tell me what "money market account" is

    Category: glossary , Asked by: Stacy U. From Canada

    A: A savings account that offers the competitive rate of interest (real rate) in exchange for larger-than-normal deposits. Also known by the acronym "MMDA", which stands for "money market demand account" or "money market deposit account". Many money market accounts place restrictions on the amount of transactions you can make in a month (such as five or less). Furthermore, you usually have to maintain a certain balance in the account to receive the higher rate of interest. Some banks require at least $500, others require a much higher balance.

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