Other Business & Society

Foreign exchange (forex) as we know it today is a recent development. From 1944 to 1971, international currency exchange rates were pegged to the U.S. dollar and regulated by an agreement signed...

Many people may see money simply as coins and paper that can purchase things. Although this is one role of money, markets need money to fulfill some other purposes as well. The amount of money in...

According to B. Mark Smith, author of "A History of the Global Stock Market," government debt obligations were bought and sold in 14th century Italian city-states. In "The Wheels of Commerce,"...

Beginning as early as the 16th century, stock markets started out as open-air markets, similar to farmers markets, where brokers were simply vendors. From those humble beginnings, dozens of stock...

Stock Markets exist so buyers of stocks and bonds can connect with sellers. That's an exchange's main function. While the New York Stock Exchange is certainly the most famous exchange in the U.S.,...

The American Stock Exchange was originally referred to as the "curb market," a label that accurately described the stockbrokers who conducted their business in the streets of lower Manhattan. This...

The Onitsha Branch of the Nigerian Stock Exchange was established in 1990. It was reorganized in 2008 as part of a regional economic development plan. Onitsha is a natural and traditional...

Stock is a term used to symbolize an investor's ownership of a company, or his share. As a shareholder, an investor theoretically owns a percentage of everything the company owns or owes. The...

The first regulated commodities market in the United States was the Chicago Board of Trade, chartered by traders in 1849 as a nonprofit membership association to ensure a fair exchange for...

The precursor to the current NYSE was created on May 17, 1792, via the Buttonwood Agreement, according to u-s-history.com. This agreement, between 24 stockbrokers and merchants, was struck at 68...

The New York Stock Exchange is the largest stock exchange in the world. It is responsible for trading the stocks of more than 2,800 publicly owned companies, and an average of 1.46 billion shares...

The New York Stock Exchange began with the signing of the Buttonwood Agreement on May 17th 1792. Twenty-four stockbrokers entered the agreement, which stated that they would deal exclusively with...

Modern stock markets have been in existence for over 300 years, helping hundreds of nations become profitable and millions of people around the world achieve great wealth. A career in the stock...

The adoption of the Euro by the European community has made many aspects of investment, trade and travel much simpler. By offering a standard currency, the European Union has united the...

The Indian Stock Market has a long and rich history. Originally based on what would become the London Stock Exchange, traders gathered to trade local stock and talk business. Eventually the...

The Japanese stock market is one of the older marketplaces in the financial world today. While the market was started to capitalize on Japan's industrialization, it was also affected by the...

The New York Stock Exchange (NYSE) is one of the oldest modern stock markets to date. It is currently also one of the largest. Because of these facts, it has seen very good and very bad days...

A 1031 like-kind exchange is an Internal Revenue Service code for real estate tax that involves the exchange of certain properties for the deferment of capital gains or losses due upon sale....

A receipt is the written confirmation of a transaction between two parties.

The simplest explanation for what determines exchange rates is the economic lesson of supply and demand. The two main systems for concluding what a country's exchange rate should be are the...

When businesses need to pay bills or make purchases in other countries, they have to do just what a tourist on vacation does: go to a bank or currency dealer and exchange their currency for that...

For the purposes of finance and business, stock is divided into shares (also known as equity shares). These shares translate into partial ownership of a company. Stocks are often divided into...

The currency market (also called Forex, or the foreign exchange market) is the largest market in the world. It is a global network of currency dealers, banks and other financial institutions....

Since the 1980s trading on the foreign currency market (often called the Forex market for short) has grown from a daily volume of $70 billion to an average of $3.2 trillion each business day in...

When a business needs to purchase supplies, pay bills or complete any other transaction in a country other than their own, it has to exchange its currency for that used in the other country. The...

The AMEX is an acronym for American Stock Exchange. It was one of the big three American stock exchanges, but in 2008 it was purchased by the NYSE Euronext exchange group. It was renamed the NYSE...

The New York Stock Exchange is one of the world's oldest places for trading stocks. It has the largest volume of trading and biggest share of capital of all the markets in the world. Located on...

Options trading in the United States takes place on several different exchanges. Individual investors can trade options through brokerage accounts with most investment firms. The Options Clearing...

Barter is an age-old way to purchase and sell services. Before paper and coin money were widely available, people would trade goods and services. A farmer would trade a basket of fruit for a...