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EURODOLLARS: Bank accounts denominated in U.S. dollars but held in banks outside of the United States. This is notable because banks typically maintain deposits in their domestic currency. Deposits in a German bank, for example, would be denominated in German marks. Originally Eurodollars were dollar deposits in European banks (hence the term "Eurodollars"). However, the notion of deposits held by a bank in currency other than that of the domestic economy has become a common practice around the world. Eurodollars are near monies added to M1 to obtain broader monetary aggregates, M2 and M3.
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FREE GOOD: A resource is free if it can produce all of the goods people want or need it to produce... and then some. Being free, however, doesn't mean a resource is not limited. Maybe it's free because people just can"t figure out what to do with it. Or if it is used for production, people don"t want all that's produced. For most of the time across most of this planet air is a free good. In other words, there is plenty of air to go around, plenty of air to satisfy all of the existing wants and needs. Does this mean that air is NOT valuable? Quite the contrary. Air is extremely valuable. It provides one of the most important inputs into human life. It's a free resource because there's enough to go around. See also | scarcity | opportunity cost | goods | services | wants | needs | satisfaction | scarce good | free resource | scarce resource |
Recommended Citation:FREE GOOD, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2026. [Accessed: April 11, 2026].
AmosWEB Encyclonomic WEB*pedia:Additional information on this term can be found at: WEB*pedia: free good
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LEADING ECONOMIC INDICATORS Ten economic statistics that tend to move up or down a few months BEFORE business-cycle expansions and contractions. Most importantly, these measures indicate peak and trough turning points about three to twelve months before they occur. Leading economic indicators are one of three groups of economic measures used to track business-cycle activity. The other two are coincident economic indicators and lagging economic indicators.
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GREEN LOGIGUIN
[What's This?]
Today, you are likely to spend a great deal of time waiting for visits from door-to-door solicitors seeking to buy either a coffee cup commemorating the first day of spring or a printer that works with your stockpile of ink cartridges. Be on the lookout for malfunctioning pocket calculators.
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This isn't me! What am I?
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Al Capone's business card said he was a used furniture dealer.
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"He, who every morning plans the transactions of the day, and follows that plan, carries a thread that will guide him through a labyrinth of the most busy life." -- Victor Hugo, Writer
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SCF
Survey of Consumer Finances
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