KENNETH ARROW
An American economist and Nobel Memorial Prize in Economics awardee, along with John Hicks in 1972, for pioneering contributions to general equilibrium analysis and welfare theory. He is also known as one of the first few economists to recognize learning curve. His other research focuses on the following: social choice theory, endogenous growth theory, collective decision making, the economics of information, and the economics of racial discrimination, among others.
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European Currency Quotation
Indirect quotation in the foreign exchange market in which the value of a foreign currency is denoted as a per-unit measure of the US dollar. It sh ...
Passbook Loan
Passbook-loans are offered to saving-account holders by the custodial bank. This type of personal load uses the balance of a holder’s saving ...
Buy Minus
Order in which a client instructs a broker to buy a stock below its current market price. Traders use buy minus order when he intends to purchase a ...
Startup Capital
Startup capital is also known as ‘seed money’. It is the money used in operating a startup business. Money may be used for permits, inv ...
Estate Tax
Tax levied on an heir’s inherited part of an estate if the value exceeds the exclusion limit set by the law. This is mostly imposed on assets ...
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Buying a Home: Closing the Deal
It’s almost done! With just a few steps away, the house that you have been dreaming of will be yours.
Principles of Trading: Leverage and Margin
All novice and seasoned traders need to befriend these two great tools to achieve success in trading: leverage and margin.
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Macroeconomics: A Brief History
Macroeconomics is a branch of study under Economics that deals with the economy’s growth and the way it behaves. It examines nationwide pheno ...
A Guide to Your Personal Income Tax: Papers
Documentation is the most significant part of taxation. If you do not properly account your income and expenses, chances are you will likely miss o ...
Student Loans: Federal Loans
Most of the students mull over the idea of maximizing the federal loan availability first before borrowing for college through a private loan. Norm ...
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