Show Summary Details

Quick Reference

1 The fee charged by a bank or other financial institution for changing one form of money into another, e.g. coins to notes, or one currency to another.

2 The difference between a bank's interest rate for borrowing money and the rate at which it is prepared to lend it, also known as the turn or spread.

Subjects: Financial Institutions and Services.

Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.