Tuesday, February 5, 2008
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Definition of the Day - Call Money
Money which brokers and dealers borrow to satisfy their credit needs, either to finance their own inventory of securities or to cover their customers' margin accounts. They borrow this moeny at a rate of Interest. This is termed as "Call Money Rates".
Know the present call money rate
Know the present call money rate
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Fact of the Day!
About 7.5 billion people are likely to visit the Walmart stores across the world. In other words, it is more than one visit per every human being living on the earth!
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