What Is a Trading Floor?

A trading floor is the area within a financial institution where trading activity takes place. The term can also be used to refer to the physical location of a particular exchange, such as the New York Stock Exchange (NYSE) trading floor. The trading floor is where market makers buy and sell securities. Market makers are … Read more

Current Account Surplus Definition.

The current account surplus definition is when a country’s exports exceed its imports. This results in the country having more money coming in than going out, and so the country’s reserves increase. The current account surplus can be used to finance a country’s trade deficit or to build up its reserves. What is current account … Read more


Redenomination is the process of changing the face value or unit of currency. This can be done to stabilize a currency, to inflate or deflate the value of a currency, or for other reasons. For example, after World War II, many countries redenominated their currencies to rid themselves of the old currency’s association with the … Read more