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Glossary

Equity

The balance of funds on the trade account. It is calculated using the following formula: balance + floating profit floating loss.

Euro

The national currency of EU countries: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Slovenia, the Netherlands, Portugal and Spain. In circulation since 2002.

European Currency Unit (ECU)

A currency unit that has been in use by European Monetary System from 1979 till 1998.

European Monetary System (EMS)

EU countries relation in currency sphere, which has a goal to provide a stable national currencies rates ratio. Another goal is the facilitation of stabilization of foreign economic relations in general.

Execution

The Process of completing an order or deal.

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