Operation Twist.

“Operation Twist” is a term used to describe a monetary policy maneuver undertaken by the U.S. Federal Reserve in the 1960s. The objective of the policy was to lower long-term interest rates and thereby stimulate economic activity. The policy was named “Operation Twist” because it involved the Fed selling short-term Treasury securities and using the … Read more

Telegraphic Transfer (TT) Definition.

A telegraphic transfer (TT) is an electronic method of transferring funds from one bank account to another. A TT is typically used when transferring funds between banks in different countries. The sender instructs their bank to send a certain amount of money to the recipient’s bank, and the recipient’s bank will then credit the funds … Read more