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December 12, 2018 

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AMEX: The common abbreviation for the American Stock Exchange, which is 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 2: Economic Science | Unit 1: The Method Page: 3 of 20

Topic: A Process <=PAGE BACK | PAGE NEXT=>

The scientific method follows a process to systematically examine and explain our world.

The process:

  • First, generally accepted principles form a theory.
  • Second, the theory inspires hypotheses.
  • Third, hypotheses are tested with real world data.
  • Fourth, if supported, the hypotheses become principles.
  • Fifth, new principles are added to the theory.
  • Last, new, the improved theory inspires more hypotheses.

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BANK BALANCE SHEET

A record of the assets, liabilities, and net worth of a bank at a given point in time. Assets are what a bank owns. Liabilities are what a bank owes. Net worth is the difference between the two and what is claimed by or owed to the owners of the bank. By definition, a balance sheet must balance. The assets on one side are equal to the liabilities and net worth on the other.

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ORANGE REBELOON
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Today, you are likely to spend a great deal of time lost in your local discount super center seeking to buy either clothing for your kitty cats or a set of luggage without wheels. Be on the lookout for vindictive digital clocks with revenge on their minds.
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This isn't me! What am I?

Sixty percent of big-firm executives said the cover letter is as important or more important than the resume itself when you're looking for a new job
"Defeat is simply a signal to press onward."

-- Helen Keller, lecturer, author

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