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European Central Bank (ECB) Definition.

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The ECB is the central bank of the European Union (EU). Its main task is to maintain the euro’s value and stability. The ECB was established by the Treaty of Amsterdam in 1998, and is headquartered in Frankfurt, Germany. The ECB’s primary monetary policy tool is interest rates. It sets the overnight lending rate for … Read more

What is cash and carry?

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The English expression cash and carry It is a type of commercial operation in which the buyer makes the purchase, pays in cash and takes the purchased product. He cash and carry, commonly translated as "pay and take it" is widely used in the wholesale trade. When a retailer, who owns a small or medium-sized … Read more