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Bank for International Settlements (F3)<br /> Founded in Basle, Switzerland, in 1930 by Belgium, Germany, Italy, Japan and the UK. Since 1945 it has continued to arrange currency swaps between European central banks. It is also the agent for the EUROPEAN MONETARY CO-OPERATION FUND and other European institutions.
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<strong>Interest</strong> – The charge made to a borrower for use of a lender' s money.
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price (DO)<br />The amount of money, or something of value, requested, or offered, to obtain one unit of a good or service. Relative prices are not expressed in terms of money but in other goods or other services. Prices have been described as SIGNALLING devices: a price increase will indicate an excess of demand over supply encouraging producers to invest in increased productive capacity and the converse for a price faiL<br /><em>See also:</em> value
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