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The U.S. money supply is all the physical cash in circulation throughout the nation, as well as the money held in checking accounts and savings accounts. It does not include other forms of wealth, such as long-term investments, home equity, or physical assets that must be sold to convert to cash. It […]
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Personal Jurisdiction The power of a court to hear and determine a lawsuit involving a defendant by virtue of the defendant’s having some contact with the place where the court is located. Personal jurisdiction, also known as in personam (against the person) jurisdiction, gives a court the authority to make […]
[ pur-suh–nel ]SHOW IPA / ˌpɜr səˈnɛl /PHONETIC RESPELLING noun a body of persons employed in an organization or place of work. (used with a plural verb) persons: All personnel are being given the day off. QUIZZES How Hip Is Your Lingo? Take Our Slang Quiz! If you aren’t already skilled […]
And then he began to knock money. Said money couldn’t help. “Oh, Anthony,” sighed Aunt Ellen, “I wish you would not think so much of money. Wealth is nothing where a true affection is concerned. His marriage would supply him with the funds needed for repaying the money, and the […]
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What Is Money? Money is an economic unit that functions as a generally recognized medium of exchange for transactional purposes in an economy. Money provides the service of reducing transaction cost, namely the double coincidence of wants. Money originates in the form of a commodity, having a physical property to be adopted […]
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What Is Personal Income? Personal income refers to all income collectively received by all individuals or households in a country. Personal income includes compensation from a number of sources, including salaries, wages, and bonuses received from employment or self-employment, dividends and distributions received from investments, rental receipts from real estate […]
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What is Personal Property? Personal property is a class of property that can include any asset other than real estate. The distinguishing factor between personal property and real estate, or real property, is that personal property is movable; that is, it isn’t fixed permanently to one particular location. It is […]
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A finance degree is a type of academic degree awarded to students who have completed a formal finance-related degree program at a college, university, or business school. Degree programs in this area rarely focus on one particular area of finance. Instead, students study a range of finance-related topics, including accounting, economics, […]