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DEPRECIATION, CURRENCY: The declining value of one currency, in terms of its ability to purchase goods and services. This is most often seen as a change in the exchange rate of the currency for the currencies of other nations.
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Lesson 1: Economic Basics | Unit 3: The Economy
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Page: 10 of 18
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- How an economy is a system of rules, procedures, and institutions designed to address the problem of scarcity.
- How a mixed economy used the two methods of allocation--markets and government.
- The continuum of real world mixed economies that are bounded by the two theoretical extremes of a pure market economy and a pure command economy.
- The degree to which the mixed U.S. economy relies on markets and government to allocate resources.
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BALANCE ON SERVICES A subset of the balance of payments current account that records the difference between the payments received for exports of services to other nations and the payments made for the imports of services from other nations. The flow of payments is for intangible services, not for physical or tangible goods. The balance on services is thus appropriately divided into services exported and services imported. Two other subsets of the current account include the balance on merchandise trade and unilateral transfers. The commonly termed balance of trade is the sum of the balance on merchandise trade and the balance on services.
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BLACK DISMALAPOD
[What's This?]
Today, you are likely to spend a great deal of time calling an endless list of 800 numbers hoping to buy either a replacement remote control for your stereo system or a computer that can play video games and burn DVDs. Be on the lookout for jovial bank tellers.
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This isn't me! What am I?
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Approximately three-fourths of the U.S. paper currency in circular contains traces of cocaine.
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"Act well at the moment, and you have performed a good action for all eternity." -- Johann Kaspar Lavater
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AFBD
Association of Futures Brokers and Dealers (UK)
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