true rate of interest
51Financial history of the Dutch Republic — describes the history of the interrelated development of financial institutions in the Dutch Republic. The rapid economic development of the country after the Dutch Revolt in the years 1585 1620, described in Economic History of the Netherlands… …
52economic development — Process whereby simple, low income national economies are transformed into modern industrial economies. Theories of economic development the evolution of poor countries dependent on agriculture or resource extraction into prosperous countries… …
53government budget — Forecast of governmental expenditures and revenues for the ensuing fiscal year. In modern industrial economies, the budget is the key instrument for the execution of government economic policies. Because government budgets may promote or retard… …
54GERMANY — GERMANY, country in north central Europe. The Talmud and the Midrash use Germania (or Germamia ) as a designation for northern European countries, and also refer to the military prowess of these peoples and to the threat they posed to the Roman… …
55Future value — measures the nominal future sum of money that a given sum of money is worth at a specified time in the future assuming a certain interest rate, or more generally, rate of return; it is the present value multiplied by the accumulation function.The …
56commercial transaction — ▪ economics Introduction in law, the core of the legal rules governing business dealings. The most common types of commercial transactions, involving such specialized areas of the law and legal instruments as sale of goods and documents of… …
57distribution theory — ▪ economics Introduction in economics, the systematic attempt to account for the sharing of the national income among the owners of the factors of production land, labour, and capital. Traditionally, economists have studied how the costs of …
58yield — A measure of the annual return on an investment. Chicago Board of Trade glossary 1) The production of a piece of land; e.g., his land yielded 100 bushels per acre. 2) The return provided by an investment; for example, if the return on an… …
59Islamic banking — Banking A series on Financial services …
60Real bills doctrine — Economics …
