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| Financial terminology 'removed' |
25th January 2012
A recent study by analysts examining the financial industry claims substantial savings could be made by removing unnecessary economic terminology and replacing it with the word 'money.'
It is predicted that, whilst making deep savings of £2.5 billion by reducing emails, letters, contracts, computers, ink cartridges and secretaries, the streamlining would bring the financial sector into line with the national language making it possible for the public to actually understand what economists are talking about.
It is predicted that, whilst making deep savings of £2.5 billion by reducing emails, letters, contracts, computers, ink cartridges and secretaries, the streamlining would bring the financial sector into line with the national language making it possible for the public to actually understand what economists are talking about.
An expert in charge of the report said, 'most of the terms currently used by financial strategists such as; capital, investments, liquidity, position, leverage, interest, quantitative-easing, are all just different ways of saying, 'money'. Savings could obviously be made.'
It has been widely suspected for years that economic terminology is purposely over complex in order to make it easier for banks to deceive customers though banking representatives were quick to point out the report is not expected to have any effect on this long-term practice.
Regulators also suggested a new computer keyboard could be used by staff working in financial services with a special time-saving button marked 'money' which could eliminate up to 75% of all hand movements.
