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Username: PrettyWoman

Rating:
Guru Stars

Asked to: Goro Yang

Date Created: 26 Jun 2015
Category 28
Tag Forex
Question Bank holiday: what does it mean?
Advice from Guru
Hi Pretty Woman,

Any business day during which commercial banks and savings & loans institutions are closed for business to the public, specifically at physical locations. These holidays usually coincide with federal holidays in the United States, but each country defines is own bank holidays.

Infrequently, a bank holiday can also refer to a day where there is an emergency bank closure to avert a bank run. This type of bank holiday occurred as a result of the Emergency Banking Act of 1933 during the Great Depression in the United States.

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