MGEC71H3 Chapter : Terminology
18 Apr 2011
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American option an option that can be exercised at any time up to the expiration date of the contract. anchor currency a currency to which other countries" currencies are pegged. Basel accord an agreement adopted by more than 100 countries that requires banks to hold as capital at least 8% of their risk-weighted activities. Basel committee on banking supervision a committee of banking officials from industrialized nations that meets under the auspices of the bank for international. Big eight the big eight canadian banks-bank of montreal, canadian western bank, cibc, laurentian bank, national bank, rbc financial group, scotiabank, and. Board of directors of the bank of canada a board with fifteen members (including the governor) that is responsible for the management of the bank. It postulates that expectations are corrected by some fraction of the past period"s expectations error. Eurobonds bonds denominated in a currency other than that of the country in which they are sold.
