11°-TRAINING IN FINANCES-1P

"___ is the official representative exchange rate of the market, given for the purchase and sale of foreign currency. In Colombia, the price of the peso is compared to the dollar, so it is a reference for any foreign operation or to calculate the exchange rate that entities can apply in their operations. It varies daily due to the foreign exchange market that exists in the country."

(Taken from https://www.manejatusfinanzas.com)

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"___ is the unit of real value reflecting the purchasing power of the currency, is directly dependent on inflation and is a representative rate for mortgage loans"

(Taken from https://www.manejatusfinanzas.com)

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"___ is the average rate of CDATs and CDTs at different terms, at which financial intermediaries negotiate among themselves; it is calculated and certified by the Superintendencia Financiera."

(Taken from http://www.banrep.gov.co/)

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"___ is the weighted average of the effective 90-day deposit interest rates (90-day CDT rate) of banking establishments, financial corporations, commercial finance companies and savings and housing corporations; it is calculated weekly by Banco de la República."

(Taken from http://www.banrep.gov.co/)

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"___ is the total value of the goods and services produced in a country during a certain period of time; that is, it corresponds to the total of what is produced with the resources that have been used in the economy, valuing each final good or service at the price commonly used in the market. Its value is obtained by taking into account the production carried out in the country, within the geographical borders of the nation, regardless of whether this production was carried out by national or foreign individuals or companies."

(Taken from http://www.banrep.gov.co/)

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"___ is the value that measures the production generated by a country's national companies and individuals, regardless of whether the production was carried out in their country of origin or abroad. So, in the case of Colombia, in order to find this value, it is necessary to subtract from the gross domestic product the production of foreigners in the country and add what Colombians produce abroad."

(Taken from http://www.banrep.gov.co/)

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"The ___ measures the change over time in the cost of the family basket, assuming that the quality and quantity of the goods and services that compose it are the same; therefore, it shows the variation in the prices of these goods over a period of time."

(Taken from http://www.banrep.gov.co/)

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"The ___ measures changes in the price of intermediate goods, i.e. goods and services that are used for the production of other goods."

(Taken from http://www.banrep.gov.co/)

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"The price of crude oil ___ is used as a reference for its high quality, mainly in the North American market (New York)."

(Taken from http://www.zona economica.com)

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"___’ is a short-term reference interest rate denominated in Colombian pesos, which reflects the price at which banks are available to offer or raise capital in the money market."

(Taken from http://www.asobancaria.com)

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