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Old 08-07-2011, 09:06 AM   #343
Antisdill
 
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Default Latest monetary issues

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currency revaluation (F3)<br />A deliberate increase in the price of a currency with a fixed exchange rate. This is undertaken to reduce a balance of payments surplus. Revaluation is often urged by countries in deficit to enable them to compete more easily in international markets. As a consequence of a revaluation, a CENTRAL BANK suffers losses from the fall in value of its foreign exchange holdings: taxpayers ultimately bear these losses as central banks are usually owned by governments.
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<strong>Federal Perkins Loan</strong> – The Federal Perkins Loan Program, a campus-based Title IV student loan program administered by the school.

European Unit of Account (E4)<br />A basket of the currencies of the member COUntries of the EUROPEAN ECONOMIC COMMUNITY. Each currency is weighted according to its standing and amount in circulation.<br /><em>See also:</em> ecu

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