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HARD CURRENCY: Historically money that is in the form of precious metals, especially gold. In modern times, any national currency that is expected to retain its value (and even appreciate in value), and is readily acceptable for most international transactions. The U.S. dollar, German marc, and Swiss franc tend to be near the top of the list of hard currencies (also termed hard money).
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Lesson 8: Market Shocks | Unit 5: Cause and Effect
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Page: 19 of 20
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The sequence of the cause and effect links is an essential element in economic analysis. Six steps for market adjustment: - First, a determinant change always starts the process.
- Second, the determinant change causes a shift in either the demand or the supply curve.
- Third, the shift in the curve causes market disequilibrium, either a shortage or surplus.
- Fourth, the disequilibrium causes the price to change.
- Fifth, the price change causes a change in quantity demanded and quantity supplied.
- Sixth, changes in quantity demand and supplied cause the market equilibrium to be restored.
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AUTOMATIC TRANSFER SERVICE ACCOUNTS Deposit accounts offered by commercial banks, credit unions, savings and loan associations, and mutual savings banks that automatically transfer funds from interest-paying savings account to checking accounts when needed to process checks or to maintain minimum balances. Automatic transfer service (ATS) accounts effectively function as interest-paying checking accounts and are considered as one type of checkable deposits. Other checkable deposits are demand deposits (standard checking accounts), negotiable order of withdrawal (NOW) accounts, and share draft accounts.
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ORANGE REBELOON
[What's This?]
Today, you are likely to spend a great deal of time at a dollar discount store looking to buy either several magazines on computer software or a T-shirt commemorating the second moon landing. Be on the lookout for florescent light bulbs that hum folk songs from the sixties.
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Cyrus McCormick not only invented the reaper for harvesting grain, he also invented the installment payment for selling his reaper.
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"My future starts when I wake up every morning . . . Every day I find something creative to do with my life. " -- Miles Davis, musician
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SAFEX
South African Futures Exchange
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