Definition A gold reserve is gold held by a central bank, used to back the value of the national currency and as a store of value. Historically, it also served to redeem paper money and other financial promises. Gold Supply In 2019, the World Gold Council estimated that all accounted-for gold ever mined totaled 190,040 […]
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A trustee is a person or organization appointed to manage and oversee assets or property held in a trust. The trustee has a legal responsibility to act in the best interests of the beneficiaries, who are the individuals or entities that will benefit from the trust. Roles and Responsibilities Management of Assets: The trustee is
A depository is a secure facility or institution where valuable items, such as financial assets or physical goods, are stored and managed. Depositories play a crucial role in financial systems and asset management by providing safekeeping and record-keeping services. Types of Depositories Financial Depositories: These institutions manage and hold financial assets, such as securities (stocks