BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following are traded on the bullion market?
A
Cash
B
Gold
C
Silver
D
Both B and C
Explanation: 

Detailed explanation-1: -A bullion market is a market through which buyers and sellers trade gold and silver as well as associated derivatives. There are various bullion markets around the world with the London Bullion Market known as the primary global market trading platform for gold and silver.

Detailed explanation-2: -Bullion banks may act as market makers for precious metals markets. Swiss banks which engage in bullion banking include UBS, Credit Suisse, Bank Julius Baer and the Z├╝rcher Kantonalbank and Pictet & Cie, all of which participate in the LBMA.

Detailed explanation-3: -Bull bullion S servers for business critical applications are based upon the MESCA architecture (Multiple Environments on a SCalable Architecture). They leverage the latest generation of Intel EX processors, Intel QPI protocol and Bull BCS technology. They natively embed the VMware ESXi virtualization hypervisor.

Detailed explanation-4: -Bullion coins are physical coins made of precious metals. The most common types are made of gold and silver, although platinum and palladium are also sometimes used. While some investors purchase bullion coins as gifts or collectible items, others invest in them for their perceived value as a hedge against inflation.

There is 1 question to complete.