IOF: meaning and definition

The definition at a glance

A Brazilian tax on financial transactions that may apply to certain credit, foreign exchange, insurance and investment operations.

Keep learning, one concept at a time.

The currency chosen as a reference for showing amounts, balances and wealth in a financial record.

An estimate of the amount needed to maintain a given standard of living in another country or city.

A medium of exchange used to express prices, make payments and store value within an economy.