Payments System
Definition
Collective term for mechanisms (both paper-backed and electronic) for moving funds, payments and money among financial institutions throughout the nation. The Federal Reserve plays a major role in the nation's payments system through distribution of currency and coin, processing of checks, electronic transfer of funds and the operation of automated clearinghouses that transfer funds electronically among depository intitutions; various private organizations also perform payments system functions.
Investing Essentials
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Getting Started In Stocks
Investopedia
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The NASDAQ Dozen
Learning Markets
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The 10 Commandments Of Investing
Investopedia
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The Lowdown On Penny Stocks
Investopedia
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10 Things To consider Before Selecting An Online Broker
Investopedia
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Start Investing With Only $1,000
Investopedia
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University
Term of the Day
Overwriting
A speculative option strategy that involves selling call or put options on stocks that are believed to be overpriced or underpriced; the options are expected not to be exercised.
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