Inflation has a particularly strong effect on the demand for money because currency pays no interest, and checking deposits typically receive little or no interest return.
The importers then used their American currency to buy US goods, while the Saigon government kept the South Vietnamese currency paid by the businessmen to fund the military and public service.
The money markets love to park their zillions in currencies paying higher interest rates.
The excess return tells you that the monetary authorities who preside over soft currencies pay for all their sins, and then some.
The new product will include specialized payment support for micropayments for online video, music, games (including the sale of virtual goods and currencies), paid content, books and software.
According to the company, the new product will include specialized payment support for micropayments for online video, music, games (including the sale of virtual goods and currencies), paid content, books and software.
Costs to maintain a steady flow of currency, pay salaries and raise capital have proven problematic.
The company's specialty was using its own overvalued stock as currency -- paying its employees with stock options, acquiring other companies by issuing more stock.
PUBLICLY traded stock, like Gabelli's, is another currency for paying employees.
Since no payments are made until the contract expires, the forward rate simply reflects the fact that one currency is paying higher interest.
