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A running board or footboard is a narrow step fitted under the side doors of a tram ( cable car, trolley, or streetcar in North America), car, or truck. It aids entry, especially into high vehicles, and is typical of vintage trams and cars, which had much higher ground clearances than today's vehicles. It is also used as a fashion statement on ...
A fixed exchange rate, often called a pegged exchange rate, is a type of exchange rate regime in which a currency 's value is fixed or pegged by a monetary authority against the value of another currency, a basket of other currencies, or another measure of value, such as gold . There are benefits and risks to using a fixed exchange rate system.
A currency board maintains absolute, unlimited convertibility between its notes and coins and the currency against which they are pegged ( the anchor currency ), at a fixed rate of exchange, with no restrictions on current-account or capital-account transactions. A currency board only earns profit from interest on foreign reserves (less the ...
But with the Federal Reserve expected to cut benchmark interest rates in a short four weeks, the clock's running out on today's CDs paying out up to 5.20% APY — some 10 times higher than the ...
The Best Truck Running Boards Podium Steps. The Podium Steps are essentially an evolution of the old-school hoop step. It's made from heavy-duty stainless steel that's powder-coated for corrosion ...
Currency board. Currency board is an exchange rate regime in which a country's exchange rate maintain a fixed exchange rate with a foreign currency, based on an explicit legislative commitment. It is a type of fixed regime that has special legal and procedural rules designed to make the peg "harder—that is, more durable".
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