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USA: California Lottery

     Posted on: April 30, 2013

The Birth of the California State Lottery The Lottery was created by a ballot measure, Proposition 37, which was approved by 58 percent of voters on Nov. 6, 1984. The Lottery Act gave the Lottery a clear mission: to provide supplemental funding for public schools and colleges. Initially, the Lottery Act capped ...

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Interesting articles about money, investments, finances, economy & business
Mutual Funds Stock Exchange Investment Scheme Floating Exchange Rates
Professionally managed collective investment vehicle that pools money from many investors to purchase securities. A stock exchange is a form of exchange which provides services for stock brokers and traders to trade stocks, bonds, and other securities. A collective investment scheme is a way of investing money alongside other investors in order to benefit from the advantages. Type of exchange rate regime wherein a currency’s value is allowed to fluctuate according to the foreign exchange market.