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COIN: A shiny metal disc, almost always authorized by a national government entity, with a raised impression of famous dead people on one side and a building or birds on the other that is used as money. U.S. coins are issued by the U.S. Treasury Department and come in denominations of pennies, nickels, dimes, quarters, half-dollars, and dollars. At one time, metal coins were comprised of valuable metal (that is, commodity money) in an amount equivalent to their face value. A dime had 10-cents worth of silver. A nickel had 5-cents worth of nickel. A penney had 1-cents worth of copper. Most modern coins, however, are fiat money, containing less valuable metal alloys. But they work just fine in vending machines.
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BALANCE OF PAYMENTS A comprehensive set of accounts that tracks the flow of currency and other monetary assets coming in to and going out of a nation. These payments are used for international trade, foreign investments, and other financial activities. The balance of payments is divided into two accounts -- current account (which includes payments for imports, exports, services, and transfers) and capital account (which includes payments for physical and financial assets). A deficit in one account is matched by a surplus in the other account. The balance of trade is only one part of the overall balance of payments set of accounts.
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PINK FADFLY
[What's This?]
Today, you are likely to spend a great deal of time driving to a factory outlet seeking to buy either one of those "hang in there" kitty cat posters or a velvet painting of Elvis Presley. Be on the lookout for high interest rates.
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In the late 1800s and early 1900s, almost 2 million children were employed as factory workers.
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"The roots of education are bitter, but the fruit is sweet." -- Aristotle
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SPO
Strongly Pareto Optimal
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