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INDUSTRIAL UNION: A labor union composed of workers in the same industry, often for several different firms, but no necessarily in the same occupation. Common examples of industrial unions represent workers in the automobile, steel, and textile industries. Industrial unions generally exert market control by establishing minimum wages paid to their members. The Congress of Industrial Organizations (CIO) began as a collection of industrial unions.
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Lesson 17: Money | Unit 3: Monetary Aggregates
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Page: 15 of 25
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L is the economy's total financial assets that can be converted to M1.- L stands for liquid assets.
- Total L is over six trillion dollars.
We get to L by adding liquid assets to M3: - Commercial paper
- U.S. Treasury Bills
- Saving Bonds
- Banker's acceptances
- These big-time assets can be converted to M1 in short order, with little loss of value.
- However, these assets aren't as easily converted to M1 as the near monies added to M2 and M3.
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FEDERAL FUNDS MARKET A financial market used by commercial banks and other depository institutions regulated by the Federal Reserve System to lend and borrow Federal funds (Federal Reserve deposits). The interest rate charged for lending through the Federal funds market is the Federal funds rate.
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RED AGGRESSERINE
[What's This?]
Today, you are likely to spend a great deal of time wandering around the shopping mall seeking to buy either a package of 4 by 6 index cards, the ones with lines or a 50 foot extension cord. Be on the lookout for empty parking spaces that appear to be near the entrance to a store.
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This isn't me! What am I?
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Woodrow Wilson's portrait adorned the $100,000 bill that was removed from circulation in 1929. Woodrow Wilson was removed from circulation in 1924.
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"There is at least one point in the history of any company when you have to change dramatically to rise to the next level of performance. Miss that moment, and you start to decline. " -- Andy Grove, Intel Corp. chairman
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