School Articles

Back order is an order that came from the customer, but which the business or production facility cannot fulfil. It is an indicator that the demand is higher than the capacity of the business to supply.

BerkShares is a type of currency which is only accepted in western Massachusetts. It was initially introduced in order to attract the people to support and buy local. Shares come in 1, 5,10, 20 and 50 bills and can be exchanged to the US dollar in one the 16 existing exchange points.

USD is usually traded against a single currency. But in case you wish to trade it against several of the currencies you may as well say that you trade it against a ‘basket’ of currencies. For a greenback there are six major currencies Euro, Japanese yen, Pound sterling, Canadian dollar, Swedish krona, Swiss franc.

Bottom-dollar scam is a scheme often used by the fraudulent people who prey on the job-seekers. Bottom-dollar scam involves lying about the possible profits of the job-seeker as well as the conditions of the working environment and possibilities of professional growth.

Bitcoin (the symbol is ₿) is a cryptocurrency and worldwide payment system. It is the first in the crypto market decentralized digital currency, as there are currently no banks which work with this crypto. Transactions for Bitcoin take place between users  directly which is called peer-to-peer network. For now the creatoe of this crypto remains unknown. 

A bond is a form of a fixed income investment where an investor loans money to government or corporations that in their turn borrow the funds for a certain period of time at a variable or fixed interest rate. Bonds are used by both big and medium-sized companies, municipalities, and even sovereign governments to help raise money and finance different projects. Owners of bonds are called debtholders or creditors.