"MONEY"
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Neutrality of
Money
It is an economic theory that the changes in the supply of
money
have no impact on the overall economy.
Money
Supply
It refers to the entire stock of a country‘s fiat currency. It consists of the cash in circulation and the deposits.
Standard
money
It is a monetary unit which is designated by a government to serve as the basis of its currency _.
Anti-
Money
Laundering
It refers to a series of laws and regulations decreed by authorities in order to prevent criminals from disguising illegal obtained funds as legitimate income.
Settlement
It refers to the exchange of
money
or security between trading parties on the settlement date as agreed.
Know Your Customer
A standard procedure to verify a customer’s identity in order to deter illegal behaviors such as
money
laundering.
Interest
The amount of extra
money
paid at a certain rate to the lender by borrowers over a certain period of time.
Foreign remittance
Foreign remittance is a transfer of
money
from a foreign worker to their family or other individuals in their home countries.
Fiat Currency Trading
It is the trading within users. For example, after transferring fiat
money
to a seller, the buyer receives the crypto from the seller.
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