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FINANCIAL INTERMEDIARY: An intermediary matches up buyers and sellers in a market, is a go-between producers and consumers. A financial intermediary is one that matches up buyers and sellers in financial markets that trade legal claims such as stocks and bonds. Banks are among the most important financial intermediaries in the economy. Others include insurance companies, stock brokers, and mutual fund companies.
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CONSTRAINED UTILITY MAXIMIZATION The process of obtaining the highest possible level of utility from the consumption of goods or services, under given restrictions, when the highest overall level of utility cannot be reached. The notion of constrained utility maximization is a modification of the more general utility maximization assumption. It is based on the recognition that consumers might be restricted from achieving the absolute maximum level of utility. The primary restrictions tend to be the amount of income available relative to price paid. Constrained utility maximization generally does reach the peak of the total utility curve.
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ORANGE REBELOON [What's This?]
Today, you are likely to spend a great deal of time lost in your local discount super center wanting to buy either a key chain with a built-in flashlight and panic button or a green and yellow striped sweater vest. Be on the lookout for jovial bank tellers. Your Complete Scope
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Helping spur the U.S. industrial revolution, Thomas Edison patented nearly 1300 inventions, 300 of which came out of his Menlo Park "invention factory" during a four-year period.
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"We tend to forget that happiness doesn't come as a result of getting something we don't have, but rather of recognizing and appreciating what we do have." -- Fredrick Koeing
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ARCH Autoregressive Conditional Heteroskedasticity
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