Question:
What is Bank Rate?
Answer:
Interest rate at which a central bank will advance
short term loans to commercial banks.
Question:
What is LIBOR (London Inter Bank Offer Rate) ?
Answer:
The interest rate
that the banks
charge each
other for loans
(usually in Eurodollars).
The LIBOR is officially fixed once a day by a small group of large London banks, but the rate
changes throughout the day.
Question. What is DIBOR (Dhaka Inter-Bank Offer Rate)?
Answer:
Ø Dhaka inter-bank offer rate
(DIBOR), which will help banks get a benchmark interest rate or reference rate.
Ø In line with the
international regulators, the central bank issued a circular in December making
the inter-bank offer rate effective from January 01, 2010.
Question. What is European Union (EU)?
Answer:
Ø
The European Union (EU) is an economic and political union of 27
member states, located primarily in Europe.
Ø
The euro is the single currency shared by (currently) 16 of the
European Union's Member States
Question: What is Investment Banking?
Answer:
Financial
institution that provides
large amounts
of long-term
fixed capital,
primarily for established firms.
Investment banks generally take
an equity
stake in the borrower
firm to exercise
some influence
on its direction and operations.
They also act
(often jointly) as financial intermediaries
by underwriting
the sale
of new securities.
For example, Investment Corporation of Bangladesh(ICB)
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