The Group of 11 (G11) is a group of nations formed in 1999 to promote economic cooperation and development. The group includes Bangladesh, Egypt, India, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, Senegal, and Sri Lanka. The G11 nations work together to foster economic growth and development, and to promote peace and stability in the world. … Read more
A one-tailed test is a statistical test in which the null hypothesis is that the population mean is less than or equal to the value specified in the alternative hypothesis. A one-tailed test is also known as a directional test. Why is a one tailed test more powerful? A one tailed test is more powerful … Read more
A teaser rate is a low introductory interest rate offered by lenders on certain products, typically credit cards and adjustable-rate mortgages (ARMs), to entice customers. Once the introductory period expires, the interest rate typically increases, sometimes significantly. For example, a credit card may offer a 0% APR for the first 12 months, after which the … Read more
A non-refundable tax credit is a tax credit that can only be used to offset tax liability. It cannot be refunded if the tax liability is less than the credit. This type of tax credit is generally used to encourage certain types of behavior, such as investing in certain types of businesses or undertaking energy-efficient … Read more
A bullish harami pattern is a candlestick chart pattern that signals a potential reversal from a downtrend to an uptrend. The pattern is formed by two candles, with the first candle being a long bearish candle followed by a short bullish candle. The bullish candle is considered a “harami” because it is “inside” the previous … Read more
The Principal-Agent Relationship: An Overview Who is a principal in law of agency? A principal in law of agency is the party who appoints an agent to represent them in dealings with third parties. The agent is then authorized to act on the principal’s behalf in accordance with the terms of the agency agreement. The … Read more
A high street bank is a bank that has a branch on a high street, as opposed to an off-site location. High street banks are typically the largest banks in the UK, and offer a wide range of services, including personal and business banking, mortgages, loans, and investment advice. What are some banking terms? ATM: … Read more
The European Sovereign Debt Crisis: Causes and Impacts of the Eurozone Crisis What are the causes of developing countries debt problem? The developing world’s debt problems can be traced back to the early 1980s, when many countries in the region began borrowing heavily to finance infrastructure projects and other investments. By the end of the … Read more
A judgment definition is a legal document that sets forth the terms and conditions of a judgment. It is typically signed by the judge and filed with the court. The judgment definition will specify the amount of money owed, the interest rate, the date by which the debt must be paid, and any other terms … Read more
A bond purchase agreement (BPA) is a contract between a buyer and a seller in which the buyer agrees to purchase a specified amount of bonds from the seller at a specified price. The BPA will specify the type and quantity of bonds to be purchased, the price at which the bonds will be purchased, … Read more
