What Is the South African Reserve Bank? The South African Reserve Bank (SARB) is the central reserve bank of the Republic of South Africa. Its functions include the formulating and implementing of South Africa’s monetary policy, ensuring the efficiency of South Africa’s financial system, and educating South Africa’s citizens about the monetary and economic situation…
What Is Inorganic Growth? Inorganic growth arises from mergers or takeovers rather than an increase in the company’s own business activity. Firms that choose to grow inorganically can gain access to new markets through successful mergers and acquisitions. Inorganic growth is considered a faster way for a company to grow compared to organic growth. Key…
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What Is an Accounts Receivable Subsidiary Ledger? An accounts receivable subsidiary ledger is an accounting ledger that shows the transaction and payment history of each customer to whom the business extends credit. The balance in each customer account is periodically reconciled with the accounts receivable balance in the general ledger to ensure accuracy. The subsidiary…
The SPDR S&P Bank Index Fund (KBE) has relinquished the last gains of the rally that started when Donald Trump was elected president in November 2016. That’s got to hurt after a roaring uptrend that lifted this market group to 10-year highs in early 2018. Bank stocks have struggled since that time, with a few…
As the COVID-19 crisis continues to dominate headlines and economic activity around the globe, the critical role that the communication and related services segments play in our society has become ever-more apparent. In this article, we’ll take a look at three charts that illustrate how prices across the market segment have toward key levels of…
The SPDR S&P Retail ETF (XRT) has crashed to an eight-year low as “shelter-in-place” guidance takes effect across the United States in reaction to the coronavirus pandemic. There’s little doubt that the crisis marks the biggest threat to the survival of brick-and-mortar retailers since ecommercedraining additional market share while these companies struggle to cut expenses…
What Is the Reserve Bank of Australia (RBA)? The Reserve Bank of Australia (RBA) is the central bank of Australia. The bank sets the country’s monetary policy and issues and manages the Australian dollar. The RBA is involved in banking and registry services for federal agencies and some international central banks. The bank, entirely owned by the Australian government, was established…
What Is a Commercial Loan? A commercial loan is a debt-based funding arrangement between a business and a financial institution such as a bank. It is typically used to fund major capital expenditures and/or cover operational costs that the company may otherwise be unable to afford. Expensive upfront costs and regulatory hurdles often prevent small…