(Encyclopedia) discount, in banking and investment, fee for lending money, which the banker deducts from the loan when it is given. Thus, with a $1,000 loan at a 6% discount, the borrower receives $…
Stock Market Goes Decimal Complicated fractions abandoned in favor of pennies by David Johnson The New York Stock Exchange, NYSE, the world's largest, is…
2001 American League Preview by Michael Morrison American League East New York Yankees Will George Steinbrenner ever be satisfied? In the offseason, after winning their…
(Encyclopedia) McCloskey, Robert (John Robert McCloskey)McCloskey, Robertməklŏˈskē [key], 1914–2003, American writer and illustrator of children's books, b. Hamilton, Ohio. He studied at the Vesper…
(Encyclopedia) Benson, Ezra Taft, 1899–1994, U.S. secretary of agriculture (1953–61), b. Whitney, Idaho. An extension economist and marketing specialist at the Univ. of Idaho (1930–38) and executive…
(Encyclopedia) value, in economics, worth of a commodity in terms of other commodities, or in terms of money (see price). Value depends on both desirability and scarcity. The marginal theory of value…
American Indian Heritage Month is observed every November in the United States. Test your knowledge about American Indian history and famous American Indians by trying our quizzes and crosswords…
