|
|
ANNUAL: A standard 12-month period, or one year, used for reporting economic and financial data. Gross Domestic Product and related measures are noted economic data released annually. Many businesses also provide annual financial reports. Another standard reporting period is the quarter.
Visit the GLOSS*arama
|
|
|
|
|
Lesson 18: Banking | Unit 3: Reserve Banking
|
Page: 14 of 24
|
|
Topic:
Goldsmith Deposits
|
|
|
|
The story continues when Bill the Knight needs to store some gold for a short time. The story: - Bill has some gold he would like to store in Fred's safe.
- Fred agrees and charges Bill for this storage service.
- When Bill returns from his journey he retrieves his gold, less a modest service charge.
- Bill informs other knights about this service and they also begin taking advantage of Fred's storage service.
- Fred realizes that storing gold is an easy way to earn a living.
Fred has stumbled upon the depository function of modern banks.
|
|
|
|
|
|
|
AGGREGATE SUPPLY The total (or aggregate) real production of final goods and services available in the domestic economy at a range of price levels, during a given time period. Aggregate supply, usually abbreviated AS, is two different relations between price level and real production--long run and short run. With long-run aggregate supply, prices and wages are flexible and all markets are in equilibrium. With short-run aggregate supply some prices and wage are NOT flexible and some markets are NOT in equilibrium. This is one half of the AS-AD (aggregate market) analysis. The other half is aggregate demand.
Complete Entry | Visit the WEB*pedia |
|
|
RED AGGRESSERINE
[What's This?]
Today, you are likely to spend a great deal of time searching the newspaper want ads trying to buy either arch supports for your shoes or an AC adapter that works with your MPG player. Be on the lookout for vindictive digital clocks with revenge on their minds.
Your Complete Scope
This isn't me! What am I?
|
|
|
In 1914, Ford paid workers who were age 22 or older $5 per day -- double the average wage offered by other car factories.
|
|
|
"Courage is the ladder on which all the other virtues mount." -- Claire Boothe Luce, diplomat, writer
|
|
IRR
Internal Rate of Return
|
|
|
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
|
|
