in the world The Baltic Exchange – the world’s leading international shipping market. Baltic dealers handle more than half the world’s bulk cargo movements of oil, ore, coal and grain.3. Financial Investments available:3.1 Short-term Savings and Investment Vehicles: Savings Account: Often the first banking product people use, savings accounts earn a small amount in interest (anywhere from 2.0% to 4.0% today), making them a little better than that dusty piggy bank on the dresser. Money Market Funds: Money market funds are a specialised form of mutual fund that invests in extremely short-term bonds. Unlike most mutual funds, shares in a money market fund are designed to be worth GBP1 at all times. Money market funds usually pay better interest rates than a conventional savings account, but below what you could get in certificates of deposit. Certificate of Deposit (CD): This is a specialised deposit made at a bank or other financial institution. The interest rate on CDs is usually about the same as that of short- or intermediate-term bonds, depending on the duration of the CD. Interest payments are made at regular intervals until the CD matures, at which point you get the money you originally deposited plus the accumulated interest payments. CDs offered by banks are usually insured. : 3.2 Long-term Investment Vehicles: Bonds: They're known as "fixed-income" securities because the amount of income the bond generates each year is "fixed," or set, when the bond is sold. Bonds are very similar to CDs, except that they are issued by the government or by corporations instead of banks. There are three basic kinds of bonds, all defined by who is selling the debt. The first are bonds sold by the government and government agencies. The second are bonds sold by corporations. The third types of bonds are Eurobonds. 1. Government bonds are called Treasuries because the Treasury Department...
