Examlex
What is the Official Reserves Account (ORA), and why is it more important for countries under a fixed exchange rate regime than for ones under a floating exchange rate regime?
Market Price
The current price at which an asset or service can be bought or sold in a market.
No-Par
Refers to stock issued without a par value, meaning it has not been assigned a nominal face value.
Market Value
The ongoing rate at which one can buy or sell an asset or service.
Weighted-Average
A method of calculating an average that takes into account the importance, or weight, of each value.
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