Friday  August 2, 2024
 AmosWEB means Economics with a Touch of Whimsy!
 RISK: The possibility of gain or loss. Risk the calculated probability of different events happening, is usually contrasted with uncertainty the possibility that any number of things could happen. For example, uncertainty is the possibility that you could win or lose \$100 on the flip of a coin. You don't know which will happen, it could go either way. Risk, in contrast, is the 50 percent chance of winning \$100 and the 50 percent chance of losing \$100 on the flip of the coin. You know (or think you know) that your probability of winning or losing is 50 percent because the coin has a 50 percent chance of coming up either heads or tails.
 Most Viewed (Number) Visit the WEB*pedia

FEDERAL RESERVE NOTE: Paper currency issued by each of the 12 Federal Reserve District Banks in denominations of \$1, \$5, \$10, \$20, \$50, \$100. Unlike paper currency of the past that was issued by the U. S. Treasury, these notes are backed by the Federal Reserve System. Specifically, each of the 12 Fed District Banks supplies notes within it's district. Each district bank puts it's own personal number and stamp (literally to the left of the portrait) on the notes it issues. For example, the number for the Boston District Bank is 1, while San Francisco Bank is 12.

Recommended Citation:

FEDERAL RESERVE NOTE, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2024. [Accessed: August 2, 2024].

Search Again?

PERFECTLY INELASTIC

An elasticity alternative in which changes in one variable (usually price) do NOT cause any changes in another variable (usually quantity). Quantity is totally, completely unresponsive to price. Quantity just does not change, regardless of changes in price. This characterization of elasticity is most important for the price elasticity of demand and the price elasticity of supply. Perfectly inelastic is one of five elasticity alternatives. The other four are perfectly elastic, relatively elastic, relatively inelastic, and unit elastic.

 PINK FADFLY[What's This?] Today, you are likely to spend a great deal of time browsing through a long list of dot com websites seeking to buy either a large green chalkboard shaped like the state of Maine or a replacement battery for your pocket calculator. Be on the lookout for celebrities who speak directly to you through your television.Your Complete Scope
 One of the largest markets for gold in the United States is the manufacturing of class rings.
 "It is only our deeds that reveal who we are. "-- Carl Jung, psychiatrist
 IERInternational Economic Review
 Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.

| | | | | | | | | | |
| | | |

Thanks for visiting AmosWEB