Posted by: M. Walgenbach | March 5, 2012

Financial Vocabulary: What Are These Things?

Financial Vocabulary:  What Are These Things?

1.  Commodity
Generally, commodities are basic resources and agricultural products such as iron ore, crude oil, coal, salt, sugar, coffee beans, soybeans, aluminum, copper, rice, wheat, gold, silver, palladium, and platinum. Soft commodities are goods that are grown, while hard commodities are the ones that are extracted through mining.
a.  Brent Crude is a type of light, sweet crude oil. 

There is another important class of energy commodities which includes electricity, gas, coal and oil. Electricity has the particular characteristic that it is usually uneconomical to store, hence, electricity must be consumed as soon as it is produced.
2.  GDP stands for Gross Domestic Product.  It is the market value of all of the goods produced by a certain country.  The higher the GDP, the stronger that country’s economy is.   
3.  Yield Curve


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