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YANKEE BOND: A bond issued with a dollar denomination in the United States by a foreign bank or corporation. This allows U.S. investors to invest in foreign securities without price fluctuations caused by exchange rates.
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AVERAGE COST The opportunity cost incurred per unit of good produced. This is calculated by dividing the cost of production by the quantity of output produced. While average cost is a general term relating cost and the quantity of output, three specific average cost terms are average total cost, average variable cost, and average fixed cost. A related cost term is marginal cost.
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Two and a half gallons of oil are needed to produce one automobile tire.
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"Executives who get there and stay suggest solutions when they present the problems. " -- Malcolm Forbes, business executive
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NZFOE
New Zealand Futures and Options Exchange
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