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YANKEE BOND: A bond issued with a dollar denomination in the United States by a foreign bank or corporation. This allows U.S. investors to invest in foreign securities without price fluctuations caused by exchange rates.
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Lesson 17: Money | Unit 1: Money Basics
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- The basic definition of money, which is anything that is generally accepted in exchange for goods and services.
- That money is something that can be readily traded for valuable assets.
- That money is THE medium through which market exchanges travel.
- The two types of value:
- Value in use which means an item provides satisfaction of wants and needs.
- Value in exchange which means an item does not provide satisfaction directly but can be traded for something that does.
- That money is an economic lubricant and that much money prompts inflationary expansion and too little entices recessionary unemployment.
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SEVEN ECONOMIC RULES A set of seven fundamental notions that reflect the study of economics and how the economy operates. They are: (1) scarcity, (2) subjectivity, (3) inequality, (4) competition, (5) imperfection, (6) ignorance, and (7) complexity.
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BROWN PRAGMATOX
[What's This?]
Today, you are likely to spend a great deal of time at a going out of business sale wanting to buy either 500 feet of telephone cable or a package of 4 by 6 index cards, the ones with lines. Be on the lookout for jovial bank tellers.
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This isn't me! What am I?
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Lombard Street is London's equivalent of New York's Wall Street.
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"Recipe for success. Study while others are sleeping; work while others are loafing, prepare while others are playing, and dream while others are wishing." -- William A. Ward
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LOCH
London Options Clearing House
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