Institutional units within the monetary sector, which is also called the banking or financial system, are divided into two main groups: monetary authorities – a central (state, national) bank that issues the national currency, stores state gold and foreign exchange reserves and manages the entire monetary sector of the economy; commercial banks that attract depositors’ […]
Tag: Obligations
Criteria and principles for choosing the country and firm of the counterparty
In the process of preparing and implementing foreign trade operations, participants resort to a detailed study of both the potential range of possible counterparties, specific firms and organizations, existing counterparties and competitors. The study of the counterparty’s activities is a generally accepted element of the trading operation. There are many specific conditions that determine the […]