|
|
ZERO GROWTH: A growth rate (usually in terms of population) that is equal to zero. In other words, this is no change from one year to the next. This goal has been proposed by those who content that population growth is placing excessive pressure on the planet's availability of limited resources and its ability to assimilate pollution. In general terms, zero growth can apply to any measurement, including production, prices, etc.
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.
|
|
|
|
|
|
|
TAX EQUITY The notion that taxes are imposed on society in a fair and equitable way. The two standards of fairness and equity used to evaluate taxes are the benefit principle -- those who benefit from government pay the taxes, and the ability-to-pay principle -- those with the most income pay the taxes. The ability-to-pay principle gives rise to two additional notions of fairness -- horizontal equity (those with equal incomes pay equal taxes) and vertical equity (those with different incomes pay different taxes).
Complete Entry | Visit the WEB*pedia |
|
|
PINK FADFLY
[What's This?]
Today, you are likely to spend a great deal of time waiting for visits from door-to-door solicitors wanting to buy either a wall poster commemorating next Thursday or a pair of gray heavy duty boot socks. Be on the lookout for florescent light bulbs that hum folk songs from the sixties.
Your Complete Scope
This isn't me! What am I?
|
|
|
The average bank teller loses about $250 every year.
|
|
|
"We succeed in enterprises (that) demand the positive qualities we possess, but we excel in those (that) can also make use of our defects." -- Alexis de Tocqueville, Statesman
|
|
VSE
Vancouver Stock Exchange (Canada)
|
|
|
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
|
|
