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A group of two or more currencies that may be used as a unit of account, or to which another currency may be pegged.
Industry:Economy
1. In the balance of payments, or in any category of international transactions within it, the deficit is the sum of debits minus the sum of credits, or the negative of the surplus. 2. In the government budget, the deficit is the excess of government expenditures over receipts from taxes.
Industry:Economy
1. The act of offering to buy a product. 2. The quantity offered to buy. 3. The quantities offered to buy at various prices; the demand curve.
Industry:Economy
An amount of money placed with a bank for safekeeping, convenience, and/or to earn interest.
Industry:Economy
1. A fall in the value of a country's currency on the exchange market, relative either to a particular other currency or to a weighted average of other currencies. The currency is said to depreciate. Opposite of "appreciation. "
2. The decline in value or usefulness of a piece of capital over time, and/or with use.
Industry:Economy
A severe recession that lasts several years and/or involves a loss of real GDP of more than 10%. (There is no standard definition. )
Industry:Economy
1. In mathematics, the ratio of the change in a variable to the infinitessimal change in another variable upon which it depends. Often used in economics to specify both assumptions and results of models. 2. In financial markets, a financial instrument whose value depends on some other financial variables. Old examples include forward and futures contracts.
Industry:Economy
A country whose per capita income is low by world standards. Same as less developed country. As usually used, it does not necessarily connote that the country's income is rising.
Industry:Economy
A multilateral institution that provides financing for development needs of a regional group of countries. Examples include the African, Asian, and Inter-American Development Banks.
Industry:Economy
