Organization for Economic Cooperation and Development (OECD)

Definition:

An organization of industrialized countries formed to promote the economic health of its members and to contribute to worldwide development.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Revaluation

An increase in the foreign exchange value of a currency that is pegged to other currencies or gold.

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