|
|
USER CHARGE: A tax that's disguised as a price--a charge for the use of a publicly provided good. Government produces and supplies a number of near-public goods, like education, libraries, parks, and transportation systems. The "prices" for these goods are user charges. The logic is that people who benefit from the good and are willing to pay, should pay for them. While this helps pay production costs, it tends to be inefficient.
Visit the GLOSS*arama
|
|
|
|
|
Lesson 18: Banking | Unit 3: Reserve Banking
|
Page: 11 of 24
|
Banks divide assets between loan and reserves using fractional-reserve banking:- The profit-pursuing, financial intermediary function of banks dictates that deposits be used for loans.
- The safekeeping, money supply security function dictates that banks keep reserves.
A) 100% reserve banking would imply that: - They could not be financial intermediaries, but only storage buildings. The financial intermediary function performed by banks would have to be performed by something else.
B) 0% reserve banking would imply: - Problems with customers who want their wealth, but can't get it because the bank loaned it out.
- The bank can easily be put out of business when customers spread the word that the bank is out of funds.
|
|
|
|
|
|
|
CONFERENCE BOARD, THE A private, non-profit, global organization established in 1916 that collects and distributes economic data to assist consumers, business leaders, and government policy makers in their economic decisions. The Conference Board is responsible for compiling the leading, coincident, and lagging economic indicators that are used to track business-cycle activity as well as the widely publicized Consumer Confidence Index. The Conference Board also convenes numerous conferences each year that provide forums to discuss and analyze pressing economic issues.
Complete Entry | Visit the WEB*pedia |
|
|
|
The average length of a "business lunch" is about 36 minutes.
|
|
|
"Man is born to live, not to prepare for life. " -- Boris Pasternak, writer
|
|
ATC
Average Total Cost
|
|
|
Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.
User Feedback
|
|
