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AMERICAN ENTERPRISE INSTITUTE: A private organization that seeks to maintain and strengthen the foundations of freedom through scholarly research, open debate, and publications. The American Enterprise Institute for Public Policy Research (as it is officially designated) promotes the principles of limited government, private enterprise, vital cultural and political institutions, and a strong foreign policy and national defense. The American Enterprise Institute (AEI) publishes dozens of books and hundreds of articles and reports each year, and an influential policy magazine called The American Enterprise. The AEI is one of the largest and most respected "think tanks" in the United States. The AEI, which was founded in 1943, is located in Washington, D.C.

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Lesson 18: Banking | Unit 2: Banking Details Page: 7 of 24

Topic: Credit Unions <=PAGE BACK | PAGE NEXT=>

A third type is a credit union.

History:

  • The first credit union was created in 1909.
  • Experienced tremendous growth after WWII.
  • Primary regulator is the National Credit Union Association (NCUA).
  • Created for reasons similar to labor unions.

Credit unions:

  • Relatively small, non-profit entities, associated with a particular business or group with something in common.
  • Pool savings and make personal loans to members.

Evolution:

  • Originally offered limited banking services.
  • Began offering checking accounts in the 70's, which gave them control over part of the M1 money supply.

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AVERAGE PHYSICAL PRODUCT

The quantity of total output produced per unit of a variable input, holding all other inputs fixed. Average physical product, usually abbreviated APP, is found by dividing total physical product by the quantity of the variable input. Average product, which more often goes by the shorter name average product (AP), is one of two measures derived from total physical product. The other is marginal physical product.

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APLS

BLACK DISMALAPOD
[What's This?]

Today, you are likely to spend a great deal of time at an auction trying to buy either a remote controlled World War I bi-plane or a wall poster commemorating Thor Heyerdahl's Pacific crossing aboard the Kon-Tiki. Be on the lookout for poorly written technical manuals.
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This isn't me! What am I?

More money is spent on gardening than on any other hobby.
"The roots of education are bitter, but the fruit is sweet."

-- Aristotle, philosopher

AAT
Association of Accounting Technicians
A PEDestrian's Guide
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