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The Big Mac Index is a price index published since 1986 by The Economist as an informal way of measuring the purchasing power parity (PPP) between two currencies and providing a test of the extent to which market exchange rates result in goods costing the same in different countries. It "seeks to make exchange-rate theory a bit more digestible ...
In February 2010, the Iranian government implemented an energy price reform by which the energy subsidies were to be removed in five years; the most important price hike was in gasoline, as the price went up from 1000 rials ($0.10 US) to 4000 rials ($0.40 US) per litre, with a ration of 100 litres per month for private passenger cars (later ...
NNPC's headquarters in Abuja, Nigeria. The Nigerian National Petroleum Corporation ( NNPC) is a state oil company in Nigeria. Formerly a fully-owned government company, it was transformed from into a limited liability company in July 2022. [1] NNPC Limited is the only entity licensed to operate in the country's petroleum industry.
A consumer price index ( CPI) is a price index, the price of a weighted average market basket of consumer goods and services purchased by households. Changes in measured CPI track changes in prices over time. [1] The CPI is calculated by using a representative basket of goods and services. The basket is updated periodically to reflect changes ...
Banks shall maintain minimum required reserves to the amount of 10% of the deposit base (effective from 1 December 2008) with two exceptions (effective from 1 January 2009): 1. on funds attracted by banks from abroad: 5%; 2. on funds attracted from state and local government budgets: 0%. Burundi: 8.50: Canada: Zero,: 347 : 5 Chile: 4.50
Discounting. In finance, discounting is a mechanism in which a debtor obtains the right to delay payments to a creditor, for a defined period of time, in exchange for a charge or fee. [1] Essentially, the party that owes money in the present purchases the right to delay the payment until some future date. [2]
Chick-fil-A has topped the list of best customer satisfaction for fast food restaurants for a decade. For the tenth year in a row, Chick-fil-A was ranked the top fast food chain in America for ...
The factor by which a future income is reduced is known as the 'discount rate'. Thus, $1.00 received a year from now is worth $0.9091 at a 10% discount rate, and its discounted value will be still lower two years down the line. The actual discount factor used depends on the risk assumed by the principal gainer in the transaction.