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July 23, 2018 

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EURO: The denomination of the so-called single currency that is designed to integrate economic and monetary policies for the European Union. The euro will contain paper currency (banknotes) and metal coins and will replace the European Currency Unit that is presently used for commercial and financial transactions. While that plans are to introduce this single currency with paper and coins in 2002, no one knows for sure if the euro will completely replace national currencies (British pound, French franc, etc.) for transactions within each nation. The paper currency will come in denominations of 5, 10, 20, 50, 100, 200, and 500 euros and the metal coins will come in denominations of 1, 2, 5, 10, 20, and 50 cents, as well as 1 euro and 2 euros.

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Lesson 20: Federal Reserve System | Unit 5: Issues Page: 19 of 20

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

Politics are never far from economics, especially when doing economic policies.
  • Some people prefer lower unemployment and higher inflation, while others would rather have higher unemployment and lower inflation.
  • If the Chairman of the Fed is inclined for lower unemployment and higher inflation, then the Fed is more likely to do expansionary monetary policy.
  • If the Chairman of the Fed is inclined for higher unemployment and lower inflation, then the Fed is more likely to do contractionary monetary policy.

Federal Reserve founders took special steps to avoid an overtly political affiliation, to avoid making the Fed part of the current administration.


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VERTICAL MERGER

The consolidation of two or more separately-owned businesses, that have an input-output relation, into a single firm. This is one of three types of mergers. The other two are horizontal merger--two competing firms in the same industry that sell the same products--and conglomerate merger--two firms in separate, unrelated industries.

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APLS

BEIGE MUNDORTLE
[What's This?]

Today, you are likely to spend a great deal of time at a flea market seeking to buy either a handcrafted spice rack or a cell phone case. Be on the lookout for neighborhood pets, especially belligerent parrots.
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This isn't me! What am I?

Parker Brothers, the folks who produce the Monopoly board game, prints more Monopoly money each year than real currency printed by the U.S. government.
"The roots of education are bitter, but the fruit is sweet."

-- Aristotle, philosopher

WIPO
World Intellectual Property Organization
A PEDestrian's Guide
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