What Is the Bank for International Settlements? What Three Categories

question 89

Essay

What is the Bank for International Settlements? What three categories does the BIS designate in the foreign-exchange market? Briefly describe each category.

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Definitions:

Rental Income

is the income received by property owners from leasing out real estate properties, such as buildings or land.

Straight-Line Method

A method of calculating depreciation of an asset by evenly spreading the cost over its useful life.

Residential Rental Properties

Real estate properties that are leased or rented out to individuals to live in, as opposed to commercial properties.

Flow-Through Entities

Business entities that pass their income, deductions, and credits down to their owners for tax purposes, avoiding taxation at the corporate level.