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October 18, 2018 

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WANTS AND NEEDS: These are the unfulfilled desires that motivate human behavior and that when satisfied improve human well-being. They include both physiological or biological requirements for maintaining life (needs) and the psychological desires which make life more enjoyable (wants). However, when push comes to shove, and the nitty gets down to the gritty, it matters very little to markets if people need goods or want goods, so long as they are motivated to buy the goods to satisfy wants and needs.

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Lesson 18: Banking | Unit 2: Banking Details Page: 8 of 24

Topic: Savings Banks <=PAGE BACK | PAGE NEXT=>

The last type of is a mutual savings bank.

Savings banks:

  • A cross between credit unions and savings and loans associations.
  • Nonprofit cooperatives that pool members' savings like credit unions, but their primary lending activity is mortgage loans, like savings and loans associations.
  • They also began issuing checking accounts in the 1970's.

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ASSUMPTION

An initial condition or statement of a model or theory that sets the stage for an analysis by abstracting from the real world. Assumptions are important to economic analysis. Some assumptions are used to simplify a complex analysis into more easily manageable parts. Other assumptions are used as control conditions that are subsequently changed to evaluate the consequences.

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Today, you are likely to spend a great deal of time at a crowded estate auction trying to buy either a birthday greeting card for your uncle or a T-shirt commemorating the 2000 Presidential election. Be on the lookout for neighborhood pets, especially belligerent parrots.
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North Carolina supplied all the domestic gold coined for currency by the U.S. Mint in Philadelphia until 1828.
"Executives who get there and stay suggest solutions when they present the problems. "

-- Malcolm Forbes, business executive

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Association of Futures Brokers and Dealers (UK)
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