Drug patent protection: How long is long enough? A recent Senate committee hearing on Bill S-17, Parliament's effort to comply with international trade rules by extending pharmaceutical patent protection to 20 years, inadvertently opened the door to a broader investigation of the inner workings of the country's pharmaceutical patent legislation.
The Virtual Currency Landscape. Virtual currencies such as Bitcoin are digital representations of value that function as a medium of exchange, a unit of account, and/or a store of value. In many cases, virtual currencies are âconvertibleâ currencies; they are not legal tender, but they have an equivalent value in real currency. In terms of value, Bitcoin is the most prominent virtual currency. As of late January 2015, one bitcoin equaled roughly $207 (though the value is volatile), and all bitcoins in circulation totaled $2.85 billion.
The currency that is used as the reference is called the counter currency, quote currency or terms currency and the currency that is quoted in relation is called the base currency or transaction currency.f a EUR/USD position is closed out with a profit in USD by a British bank, then the rate-to-base will be expressed as a GBP/USD rate. This ambiguity leads many market participants to use the expressions currency 1 (CCY1) and currency 2 (CCY2), where one unit of CCY1 equals the quoted number of units of CCY2.