Tag: economy
BRIC
DefinitionIn economics, BRIC is a grouping acronym that refers to the countries of Brazil, Russia, India and China, which are all deemed to be...
MAD
What is 'MAD' In currencies, this is the abbreviation for the Moroccan Dirham. Explaining 'MAD' The currency market, also...
T-Account
What is a T-account
A T-account is a visual representation of the ledger of a business or individual. It is so named because it looks...
Macro Accounting
What is 'Macro Accounting' Accounting for the total or aggregate economic activities of a nation. Macro accounting forms the basis for the...
Gambling Income
What is gambling income and how is it taxed
Gambling income is defined as any money or prizes won from gambling activities, such as playing...
J Curve
What is 'J Curve' A theory stating that a country's trade deficit will worsen initially after the depreciation of its currency because...
ABA Bank Index
What is 'ABA Bank Index' A banking index that is made up of community banks and banking institutions. This index was created...
Game Changer
What is a 'Game Changer' 1. A person who is a visionary. 2. A company that alters its business strategy and conceives...
S&P 500
DefinitionThe Standard & Poor's 500, often abbreviated as the S&P 500, or just the S&P, is an American stock market index based on the...
K-Percent Rule
DefinitionFriedman's k-percent rule is the monetarist proposal that the money supply should be increased by the central bank by a constant percentage rate every...