| Loans and credit balances with longer maturities (from 12 months) are traded on the capital market (funds with shorter maturities are traded on the money market). The capital market is used primarily for investments and for financing capital spending.
Cash means banknotes and coins. Cash is issued by central banks and note-issuing banks and used by the public mainly for day-to-day transactions, mostly for small amounts.
The sum of all cashless payments (payments). Cashless payments are instructions for the transfer of funds from one account to another. They can be paper-based (e.g. embodied in cheques or paying-in slips) or they can take place electronically (e.g. via debit cards or credit cards). They can also be effected by means of stored-value cards, where relatively small amounts are stored directly onto a chip, each payment being deducted from them. These are an example of electronic money or e-money. Today the total volume of cashless payments comes to many times that of cash payments.
The term "central bank" conveys the idea of a central institution that issues money and thereby regulates the country's money supply, thus playing a central role in payments. The term "note-issuing bank" emphasises the concept of the central bank's note-issuing monopoly.
See banks.
Bond of the Swiss Confederation, with which the latter borrows on the capital market. Confederation bonds are issued in an auction procedure and are traded on the stock exchange.
See national consumer price index.
See exchange rate.
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