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NEAR MONEY: Assets that are highly liquid, and can be easily exchanged for money, but can not be used directly to purchase goods. The best examples are savings accounts, certificates of deposit, and similar bank accounts. These savings near monies are added to M1 to derived M2. Several investment type near monies are added to M2 to derived M3.
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COUNCIL OF ECONOMIC ADVISORS: A three-member board that advises the President of the United States on economic policy and helps prepare an annual economic report. These three men are economists (they're usually, but not always men and usually, but not always, economists) who keep the President up to date on current economic statistics and do most of the dirty work in terms of formulating the details of economic policies. The Chairman of the Council of Economic Advisors has one of the two most important non-elected voices on economic policy in the nation, with the other being the Chairman of the Board of Governors of the Federal Reserve System. See also | economic policies | fiscal policy | economist | Board of Governors, Chairman | Federal Reserve System |
Recommended Citation:COUNCIL OF ECONOMIC ADVISORS, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2025. [Accessed: July 6, 2025].
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AVERAGE-MARGINAL RELATION A mathematical connection between a marginal value and the corresponding average value stating that the change in the average value depends on a comparison between the average and the marginal. This mathematical relation between average and marginal surfaces throughout the study of economics, especially production (average product and marginal product), cost (average total cost and marginal cost), and revenue (average revenue and marginal revenue). A similar relation is that between a total value and the corresponding marginal value.
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RED AGGRESSERINE
[What's This?]
Today, you are likely to spend a great deal of time at a flea market hoping to buy either a birthday greeting card for your father or a T-shirt commemorating the first day of spring. Be on the lookout for defective microphones.
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The New York Stock Exchange was established by a group of investors in New York City in 1817 under a buttonwood tree at the end of a little road named Wall Street.
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"Defeat is simply a signal to press onward. " -- Helen Keller, author, lecturer
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BIS
Bank for International Settlements
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