A Lexicon of Economics - download pdf or read online

By Kenyon A. Knopf

ISBN-10: 0124169554

ISBN-13: 9780124169555

In its place for in-depth definitions and ideas, this ebook is a one-volume solution to economics, banking, and company questions. With encyclopaedic aspect, the trems are outlined, thoughts defined and relationships illustrated. A separate portion of abbreviations and acronyms might help the reader to spot fiscal and enterprise teams. This publication is desinged to be of curiosity to non-professionals and scholars of economics, scholars and execs in company, accounting, sociology and legislations

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The price of negotiable bonds in the bond market will vary inversely with the interest rate. See Interest Rate, Government Bonds, Collateralized Bond Obligations, Municipals, Treasury Bonds. B O O K V A L U E 1. For assets, the value of assets carried on a firm's accounting books, for example, original cost less depreciation. If the asset value is carried at replacement cost less depreciation, the book value would equal market value. 2. For capital stock, the value established by dividing the total par (nominal) value plus the retained earnings applicable to that class of stock by the number of shares of that stock outstanding.

See Bargaining Unit, Compulsory Arbi­ tration. C O M M E R C I A L B A N K Any banking institution that has demand-de­ posit liabilities (checking accounts that are limited in number only by the amount of money in the account) and makes short-term business loans. For some time, commercial banks also have pro­ vided savings deposits, time deposits, trust services, and mortgage loans. Commercial banks may be chartered by either the federal government or a state. See Bank, Savings Bank, Savings and Loan Association, Credit Union.

If the market price falls below the support price, the farmer will turn the crop over to the CCC and keep the money. If the price rises above the support level, the farmer will sell the crop and pay off the loan. When market prices for a support crop are low relative to the support price for several years, the government builds up huge stocks of the crop which "hang over the market," preventing price from rising above the support level because of anticipated moves to reduce the stockpile. The process does tend to stabilize prices within narrower margins than a free market would provide.

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A Lexicon of Economics by Kenyon A. Knopf


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