Open position and Trillion: Difference between pages

Revision as of 14:20, 23 October 2012

1. One thousand billion (1,000,000,000,000 or 10¹²). For example EUR 100 trillion = EUR 100,000,000,000,000.

2. Historically in the UK and some other countries, "trillion" used to refer mathematically to 1

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-#The difference between the amount of a foreign currency owned or receivable and the total of the same currency payable under definite contracts.  If one exceeds the other, there is an open position.
+. One thousand billion (1,000,000,000,000 or 10<sup>12</sup>).
-#Similar situations in relation to other traded assets.
+For example EUR 100 trillion = EUR 100,000,000,000,000.
+. Historically in the UK and some other countries, "trillion" used to refer mathematically to 1
-== See also ==
-* [[Long position]]
-* [[Short position]]