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What is Telegraphic Transfer (TT) and its Importance in International Financial Transactions
Telegraphic Transfer (TT) is a fund transfer method used to send money electronically from one bank to another. This process utilizes telegraph communications networks to ensure funds are sent quickly and securely. In the modern era, telegraphic transfers are better known as wire transfers. Even though technology has developed, the term TT is still often used in the financial world…
What is Maturity Date and Why is it Important to Know?
Maybe you have heard of the term maturity date while reading articles about investments or loans. However, do you know what the meaning and function of this term is? If not, let's look at the explanation Understanding Maturity Date Maturity date is the date on which a financial instrument, such as bonds, deposits or credit, expires and must be repaid…
The main components that are the basis for assessment in the World Competitiveness Ranking
What is World Competitiveness Ranking? The World Competitiveness Ranking is a ranking that evaluates and assesses a country's competitiveness based on various economic factors, infrastructure, education and government policies. These rankings are usually published by international research and economic institutions that collect data from various sources to provide a picture of how countries compete in the global market. One of…
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