MULTIPLIER EFFECT
Expansion or intensifying a nation’s money supply which leads to banks having the capacity to lend significantly. The extent of the multiplier result depends on the percentage of deposits these banks oblige to withhold as reserves. In other words, it is money used to generate more money and computed by dividing the sum of bank deposits by the reserve requisite.
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Robert C. Merton
American economist who won the 1997 Nobel Memorial prize in Economic Sciences, along with Myron Scholes, for developing the Black-Sholes model, whi ...
Buy Stops Above
Recommendation to purchase a given security once a security’s price surpasses a particular resistance level by putting a buy stop order at th ...
Admitted Company
An insurance company admitted and allowed by an another state to transact insurance business despite having a domiciled status on an another state. ...
Black Box Model
Computer program, process, or system processing the information entered by the user using pre-programmed logic in order to produce the user’s ...
Form 3903
A form issued by the IRS and used by taxpayers to deduct moving expenses related to taking a new job.
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