MONEY CENTER BANKS
Banks located in economic hubs and earn profit from transactions between themselves and governments, large businesses, and other regular banks. Similar to a common bank in structure, it do not borrow from or lend to clients. Regular banks normally take their cues from these banks, especially regarding interest rates and other business practices.
Also known as money market center banks.
POPULAR TERMS
Tit for Tat
Game theory mechanism subject to a payoff matrix similar to a prisoner’s dilemma. Anchored on the concepts of retaliation and altruism, this ...
Nonsegregated Disclosures
Information that must be presented legally anywhere in a lease agreement. These are required by the Federal Reserve Board Regulation M. The lease a ...
Product Line
A series of related products which are all made or manufactured by the same company.
Behavioral Economics
The scientific study on how the mind thinks and how each person reacts as it relates to the process of decision making in economics of individuals ...
Infant-Industry Theory
A theory stating the emerging domestic industries must be protected against foreign competition until they become established and mature. In econom ...
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