Tag: silver

BDT (Bangladesh Taka) definition explanation

What is BDT (Bangladesh Taka)?
The currency abbreviation or currency symbol for the Bangladesh taka (BDT), the currency for Bangladesh. The Bangladesh taka is made up of 100 poisha and is often presented with the symbol ó, ò, or Tk. The word “”taka”” originated from ancient denominations of silver coins called tanka. Read more for examples and further explanation including related video clips and also comments
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Banknote definition explanation

What is Banknote?
A negotiable promissory note issued by a bank and payable to the bearer on demand. The amount payable is stated on the face of the note. Banknotes are considered legal tender, and, along with coins, make up the bearer forms of all modern money.

Also known as a “”bill”” or a “”note.”” Read more for examples and further explanation including related video clips and also comments
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Precious Metals definition explanation

What is Precious Metals?
A classification of metals that are considered to be rare and/or have a high economic value. The higher relative values of these metals are driven by various factors including their rarity, uses in industrial processes and use as an investment commodity.

Precious metals include, but are not limted to: gold, silver, platinum, iridium, rhodium and palladium. Read more for examples and further explanation including related video clips and also comments
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AFA (Afghanistan Afghani) definition explanation

What is AFA (Afghanistan Afghani)?
The currency abbreviation or currency symbol for the Afghanistan afghani (AFA). The Afghanistan afghani is made up of 100 pul. The new afghani replaced the prior currency in early 2003, due to the low relative value of the nation’s currency.

The currency symbol that the Afgahanistan Afghani is represented by is: Read more for examples and further explanation including related video clips and also comments
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New York Mercantile Exchange – NYMEX definition explanation

What is New York Mercantile Exchange – NYMEX?
The world’s largest physical commodity futures exchange. Trading is conducted through two divisions: the NYMEX Division, which is home to the energy, platinum and palladium markets, and the COMEX Division, where metals like gold, silver and copper and the FTSE 100 index options are traded. The NYMEX uses an outcry trading system during the day and an electronic trading system after hours.

You’ll hear the NYMEX referred to as “”The Merc””. Read more for examples and further explanation including related video clips and also comments
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Zakat definition explanation

What is Zakat?
A term used in Islamic finance to refer to the obligation that an individual has to donate a certain proportion of wealth each year to charitable causes. Zakat is a mandatory process for Muslims in order to physically and spiritually purify their yearly earnings that are over and above what is required to provide the essential needs of a person or family. Read more for examples and further explanation including related video clips and also comments
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