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Discount window. The discount window is an instrument of monetary policy (usually controlled by central banks) that allows eligible institutions to borrow money from the central bank, usually on a short-term basis, to meet temporary shortages of liquidity caused by internal or external disruptions. The interest rate charged on such loans by a ...
A discount rate applied times over equal subintervals of a year is found from the annual effective rate d as. where is called the annual nominal rate of discount convertible thly. is the force of interest . The rate is always bigger than d because the rate of discount convertible thly is applied in each subinterval to a smaller (already ...
Shapiro–Stiglitz theory. In labour economics, Shapiro–Stiglitz theory of efficiency wages (or Shapiro–Stiglitz efficiency wage model) [1] is an economic theory of wages and unemployment in labour market equilibrium. It provides a technical description of why wages are unlikely to fall and how involuntary unemployment appears.
The sum of 0 numbers (the empty sum) is 0, and the product of 0 numbers (the empty product) is 1. The factorial 0! evaluates to 1, as a special case of the empty product. Other uses in mathematics The empty set has zero elements. The role of 0 as the smallest counting number can be generalized or extended in various ways.
Massachusetts is the sixth-smallest state by land area. With over seven million residents as of 2020, [note 1] it is the most populous state in New England, the 16th-most-populous in the country, and the third-most densely populated, after New Jersey and Rhode Island. Massachusetts was a site of early English colonization.
Paul Davis Ryan (born January 29, 1970) is an American politician who served as the 54th speaker of the United States House of Representatives from 2015 to 2019. A member of the Republican Party, he was the vice presidential nominee in the 2012 election with Mitt Romney, losing to incumbent President Barack Obama and Vice President Joe Biden.
London Borough of Hackney. (2022) The London Borough of Hackney ( / ˈhækni / ⓘ HAK-nee) is a London borough in Inner London, England. The historical and administrative heart of Hackney is Mare Street, which lies 5 miles (8 km) north-east of Charing Cross. The borough is named after Hackney, its principal district.
The entire ocean, containing 97% of Earth's water, spans 70.8% of Earth's surface, making it Earth's global ocean or world ocean. [23] [25] This makes Earth, along with its vibrant hydrosphere a "water world" [43] [44] or " ocean world ", [45] [46] particularly in Earth's early history when the ocean is thought to have possibly covered Earth ...
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