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July 26, 2024 

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Y-AXIS: In a graph, this is one of two lines that intersect at a right angle. This is the "vertical axis" that runs up and down.

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INTERNATIONAL FINANCE: The economic interaction among different nations involving the monetray payments and the exchange of currency. The cornestone of international finance is foreign exchange, including foreign exchange markets and exchange rates. International trade, the study of trade between nations, is a related area of international economics. A summary of international trade undertaken by a particular nation is given with the balance of payments.

     See also | international economics | international trade | balance of payments | foreign exchange | foreign exchange market | exchange rate |


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ECONOMIC COST

An alternative term for opportunity cost, which is the highest valued alternative foregone in the pursuit of an activity. Opportunity cost, or economic cost, is one of the most fundamental concepts used in the study of economics, hence the reason it is also termed economic cost. Economic, or opportunity cost is also commonly termed just cost.

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Today, you are likely to spend a great deal of time at a going out of business sale looking to buy either a bookshelf that will fit in your closet or a birthday greeting card for your grandfather. Be on the lookout for mail order catalogs with hidden messages.
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The 1909 Lincoln penny was the first U.S. coin with the likeness of a U.S. President.
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Tokyo International Financial Futures Exchange (Japan)
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