Examlex
_____ describes the wide range of transactions taking place via Internet applications such as email and virtual shopping carts.
Eurodollar Market
The debt market created when foreign banks with eurodollar deposits lend those funds.
European Banks
Financial institutions based in Europe which engage in all kinds of banking services including deposits, loans, and investments.
Translation Risk
The gain or loss on the value of assets and liabilities held in another country that results from variation in exchange rates. Generally relatively meaningless as long as the foreign operation is not liquidated or sold. Therefore not generally taxable.
Consolidated Income Statements
A financial statement that aggregates the income statements of a parent company and its subsidiaries to show the total earnings and financial performance of the entire group.
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