(Encyclopedia) fiat moneyfiat moneyfīˈət, fīˈăt [key], inconvertible money that is made legal tender by the decree, or fiat, of the government but that is not covered by a specie reserve. It is…
(Encyclopedia) shell money, medium of exchange consisting of shells, the most widely distributed type of ancient currency. Shells are particularly useful as money because they may be strung in long…
(Encyclopedia) Van Halen, Eddie (Edward Lodewijk Van Halen), 1955–2020, American rock musician and song writer, b. Amsterdam, Netherlands; his family moved to California when he was young. He and…
The Question: Can you explain the difference between 'hard' and 'soft' money contributions. I am trying to teach this to a group of ninth graders without much luck…
(Encyclopedia) money-market fund, type of mutual fund that invests in high-yielding, short-term money-market instruments, such as U.S. government securities, commercial paper, and certificates of…
A budget is a tool used by individuals, businesses, and governments to predict flows of money over a period of time, usually a year. A household budget lists all the sources of money for that…
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While schools instill in children unique knowledge that well outweighs those of most adults, children frequently miss a crucial education in financial literacy and fundamental money…
The euro is the new official currency of all the counties in the European Union. It was introduced in an effort to unite these countries economically. By the end of summer 2002, the euro replaced…
