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January 18, 2018 

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AMERICAN STOCK EXCHANGE: One of three national stock markets in the United States (see National Association of Securities Dealers and New York Stock Exchange) that trade ownership shares in corporations. In terms of daily stock transactions and the number of stocks listed, the American Stock Exchange is the smallest of these three. However, it's composite index of stock prices -- AMEX is considered important enough to be flashed briefly on the nightly news.

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Lesson 17: Money | Unit 3: Monetary Aggregates Page: 11 of 25

Topic: M1 <=PAGE BACK | PAGE NEXT=>

The United States uses currency, coins, and checks as money, which is M1.

We have several different 'definitions' of money called monetary aggregates.

Monetary aggregate M1:

  • It is the sum of currency and coins held by the non-bank public, and checkable deposits.
  • These are the items in our economy that are generally accepted in payment and regularly used for market transactions.
  • We have over one trillion dollars of M1.
  • Total M1 averaged over 270 million people in the U. S. is about $4,000 per person.

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MARGINAL UTILITY-PRICE RATIO

The ratio of the marginal utility obtained from consuming a good to the price of the good. This ratio is particularly important in determining consumer equilibrium, which is reached when the marginal utility-price ratios are the same for all goods. Equality between all marginal utility-price ratios is the rule of consumer equilibrium which is satisfied with utility maximization.

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APLS

GRAY SKITTERY
[What's This?]

Today, you are likely to spend a great deal of time flipping through the yellow pages looking to buy either a how-to book on surfing the Internet or a computer that can play music and burn CDs. Be on the lookout for slightly overweight pizza delivery guys.
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Before 1933, the U.S. dime was legal as payment only in transactions of $10 or less.
"Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover."

-- Mark Twain

DCFM
Discounted Cash Flow Method
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