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FEDERAL RESERVE NOTE: Paper currency issued by each of the 12 Federal Reserve District Banks in denominations of $1, $5, $10, $20, $50, $100. Unlike paper currency of the past that was issued by the U. S. Treasury, these notes are backed by the Federal Reserve System. Specifically, each of the 12 Fed District Banks supplies notes within it's district. Each district bank puts it's own personal number and stamp (literally to the left of the portrait) on the notes it issues. For example, the number for the Boston District Bank is 1, while San Francisco Bank is 12.
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IMPLICIT COLLUSION Seemingly independent, but parallel, actions among competing firms (mostly oligopolistic firms) in an industry designed to control the market, raise the price, and otherwise act like a monopoly. Also termed tacit collusion, the distinguishing feature of implicit collusion is the lack of any explicit agreement. This is one of two types of collusion. The other is explicit or overt collusion, which involves an explicit agreement.
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BLACK DISMALAPOD
[What's This?]
Today, you are likely to spend a great deal of time searching for a specialty store trying to buy either a pair of handcrafted oven mitts or a coffee table shaped like the state of Florida. Be on the lookout for door-to-door salesmen.
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This isn't me! What am I?
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Parker Brothers, the folks who produce the Monopoly board game, prints more Monopoly money each year than real currency printed by the U.S. government.
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"I believe that every right implies a responsibility, every opportunity, an obligation, every possession, a duty. " -- John D. Rockefeller, industrialist
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GNP
Gross National Product
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