Google
Tuesday 
January 31, 2023 

AmosWEB means Economics with a Touch of Whimsy!

AmosWEBWEB*pediaGLOSS*aramaECON*worldCLASS*portalQUIZ*tasticPED GuideXtra CrediteTutorA*PLS
COMPTROLLER OF THE CURRENCY: An agency of the U.S. Federal government responsible for chartering national banks. In other words, if you want to establish a bank with the word "national" in the title, then you must gain permission from the Comptroller of the Currency. The Comptroller is also responsible for regulating banks and might even assume control of a bank that is in serious trouble (that is, on the verge of going out of business). Although the term "currency" appears in the title, the Comptroller of the Currency is primarily a bank regulator and has almost nothing to do with the nation's "currency.

Visit the GLOSS*arama

Most Viewed (Number) Visit the WEB*pedia

BARTER: A method of trading goods, commodities, or services, directly for one another without the use of money. In a barter exchange one good is traded directly for another. This sort of exchange ultimately requires a double coincidence of wants, meaning that each trader has what the other trader wants and wants what the other has. Without a double coincidence of wants the exchange process can become exceedingly complex, requiring a great deal of resources to complete transactions, resources that can not be used for production. In fact, inefficient barter trading was the primary reason that money was invented. With money, more resources can be used for production and fewer are needed for trading.

     See also | good | service | money | exchange | double coincidence of wants | resources | production | market |


Recommended Citation:

BARTER, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2023. [Accessed: January 31, 2023].


AmosWEB Encyclonomic WEB*pedia:

Additional information on this term can be found at:

WEB*pedia: barter

Search Again?

Back to the GLOSS*arama

LONG-RUN TREND

The pattern of potential real gross domestic product of an economy based on full employment of available resources. The long-run trend is commonly represented as a positively-sloped line in a diagram depicting business-cycle phases. This slope captures the economy's expansion in its production possibilities resulting from increases in the quantity and quality of resources.

Complete Entry | Visit the WEB*pedia


APLS

YELLOW CHIPPEROON
[What's This?]

Today, you are likely to spend a great deal of time searching the newspaper want ads looking to buy either storage boxes for your family photos or a large, stuffed giraffe. Be on the lookout for telephone calls from long-lost relatives.
Your Complete Scope

This isn't me! What am I?

Potato chips were invented in 1853 by a irritated chef repeatedly seeking to appease the hard to please Cornelius Vanderbilt who demanded french fried potatoes that were thinner and crisper than normal.
"To understand a man, you must know his memories. The same is true of a nation."

-- Anthony Quayle, Actor

TI
Taxable Income
A PEDestrian's Guide
Xtra Credit
Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.

User Feedback



| AmosWEB | WEB*pedia | GLOSS*arama | ECON*world | CLASS*portal | QUIZ*tastic | PED Guide | Xtra Credit | eTutor | A*PLS |
| About Us | Terms of Use | Privacy Statement |

Thanks for visiting AmosWEB
Copyright ©2000-2023 AmosWEB*LLC
Send comments or questions to: WebMaster