Tag: KMBNMK01 Consumer Behaviour and Marketing Communication

Virtual reality (VR) is a simulated experience that can be similar to or completely different from the real world. Applications of virtual reality include entertainment …

Loan Commitments A loan commitment is an agreement by a commercial bank or other financial institution to lend a business or individual a specified sum …

Translation exposure (also known as translation risk) is the risk that a company’s equities, assets, liabilities, or income will change in value as a result …

Trading is the exchange of goods or services between two or more parties. So, if you need gasoline for your car, then you would trade …

Transaction settlement is the process of moving funds from the cardholder’s account to the merchant’s account following a credit or debit card purchase. The issuer …

Exchange rate quotations can be quoted in two ways; Direct quotation and Indirect quotation. Direct Quote A direct quote is a foreign exchange rate quoted …

A customer under forward exchange contract knows in advance the time and amount of foreign exchange to be delivered and the customer is bound by …

A forward exchange contract (FEC) is a special type of over-the-counter (OTC) foreign currency (forex) transaction entered into in order to exchange currencies that are …

The forward margin, or forward spread, reflects the difference between the spot rate and the forward rate for a certain commodity or currency. The difference …

The merchant discount rate, or MDR, is the rate charged to a merchant for the payment processing of debit and credit card transactions. The service …