PRINT AND MINT: A handy phrase for one method of controlling the money supply -- printing paper currency and minting metal coins. This was the method commonly used by governments BEFORE checkable deposits became a significant share of the money supply. In modern times the total quantity of money in circulation is controlled by controlling bank reserves and money creation process of banks. The print and mint method is largely used just to "fill in the gaps" and when the nonbank public decides to transfer money from checkable deposits to currency and coins.

     See also | money | money creation | monetary policy | currency | coin | checkable deposits | money supply | bank reserves |

PRINT AND MINT, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2024. [Accessed: April 18, 2024].

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The total income received by the members of the domestic household sector, which may or may not be earned from productive activities during a given period of time, usually one year. Personal income (PI) is one of three measures of income reported in the National Income and Product Accounts maintained by the Bureau of Economic Analysis. The other two are national income (NI) and disposable income (DI). Two related measures of production are gross domestic product (GDP) and net domestic product (NDP). The primary use of personal income is to measure the income actually paid out to the household sector. After adjusting for income taxes, personal income forms the basis for consumption expenditures on gross domestic product.

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