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There are several technical definitions of what is included in "money", depending on how liquid a particular type of asset has to be in order to be included. Common measures include M1, M2, and M3 . In everyday usage, money can refer to the very liquid assets included in the technical definition, but it usually refers to something much broader.
It has been suggested that the speaker or writer should either say technical insolvency or actual insolvency in order to always be clear – where technical insolvency is a synonym for balance sheet insolvency, which means that its liabilities are greater than its assets, and actual insolvency is a synonym for the first definition of insolvency ...
The central bank is a single authority that issues money. Thus, its policy has an impact on the domestic currency: if the central bank raises the interest rate, or gives optimistic comments on the country's economy, the domestic currency appreciates. If the bank cuts the interest rate or signals problems for the economy, the domestic currency ...
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Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
Money burning or burning money is the purposeful act of destroying money. In the prototypical example, banknotes are destroyed by setting them on fire . Burning money decreases the wealth of the owner without directly enriching any particular party.
Sir Thomas Gresham. In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation.
Counterfeit money is currency produced outside of the legal sanction of a state or government, usually in a deliberate attempt to imitate that currency and so as to deceive its recipient. Producing or using counterfeit money is a form of fraud or forgery, and is illegal in all jurisdictions of the world