The currency abbreviation or the currency symbol for the Japanese yen (JPY), the currency for Japan. The yen is made up of 100 sen or 1000 rin and is often presented with the symbol (__). The yen was originally introduced by the Meiji government as a measure to modernize the country economically. |||The yen was first seen in 1872, replacing the mon currency of the feudal era. It lost most of its value by the end of World War II and was pegged to the U.S. dollar in 1949. When the U.S. went off the gold standard in 1971, the yen was devalued again and has been a floating currency since 1973, rising and falling against the dollar with the international exhange rates.
An employee of a member firm who executes trades on the exchange floor on behalf of the firm's clients. Also known as a "pit broker". Basically, floor brokers receive orders from their firms, which have been placed by the firms' clients, and executes these orders at the best possible prices. Floor brokers should not be confused with floor traders who execute orders for their own accounts.
A body established by the American National Standards Institute (ANSI) to develop, establish, maintain and promote standards for the financial services industry with the goal of facilitating the delivery of financial services and products. The scope of activity for X9 was initially approved by the ANSI in 1974, and it was granted official accreditation in 1984. ASC X9 operates under its own procedures as well as those prescribed and approved by ANSI. It operates numerous technical subcommittees and dozens of technical working groups that develop technical standards and guidelines for the financial industry. ASC X9 plays a crucial role in developing and adopting new technologies used in the banking, insurance and brokerage industries.
The currency abbreviation or the currency symbol for the Japanese yen (JPY), the currency for Japan. The yen is made up of 100 sen or 1000 rin and is often presented with a symbol that looks like the capital letter Y with two horizontal dashes through the center. The yen was originally introduced by the Meiji government as a measure to modernize the country economically. |||The yen was first seen in 1872, replacing the mon currency of the feudal era. The yen lost most of its value by the end of World War II and was pegged to the U.S. dollar in 1949. When the U.S. went off the gold standard in 1971, the yen was devalued again and has been a floating currency since 1973, rising and falling against the dollar with the international exhange rates.
A fixed dollar amount, generally in the context of fees or commissions paid for services. For transactions above a certain minimum size, flat dollar fees may be preferable to fees charged on a percentage basis. Flat dollar amounts are usually specified in contracts and thus are independent of transaction sizes. Flat dollar fees on stock transactions charged by online brokerages have made it much more economical for the average retail investor to trade stocks. For most services, cost-conscious consumers combined with companies competing for their business will usually cause flat dollar fees to replace fees based on a percentage of the transaction's value.
The antitrust laws apply to virtually all industries and to every level of business, including manufacturing, transportation, distribution, and marketing. They prohibit a variety of practices that restrain trade. Examples of illegal practices are price-fixing conspiracies, corporate mergers likely to reduce the competitive vigor of particular markets, and predatory acts designed to achieve or maintain monopoly power. Microsoft, ATT, and J.D. Rockefeller Oil are companies who have been convicted of antitrust practices.
The currency abbreviation or currency symbol for the Jordanian Dinar (JOD), the currency for Jordan. The dinar is made up of 10 dirham, 100 qirsh or 1000 fils and has no official symbol, but is often presented with the informal notation (JD). The dinar is also circulated on Israel's West Bank. |||The dinar was first seen replacing the Palestinian pound in 1949. Dinarian coins were denominated in Arabic until 1992 and then changed to english. The dinar has been pegged to the International Money Fund's Special Drawing Rights since October of 1995. It is also unofficially pegged to the U.S. dollar.
The average propensity to consume (APC) refers to the percentage of income that is spent on goods and services rather than on savings. One can determine the percentage of income spent by dividing the average household consumption (what is spent) by the average household income (what is earned). The inverse of the average propensity to consume is the average propensity to save (APS). Economic periods where consumers are spending can boost the economy: more goods are purchased (high demand for goods and services); keeping more people employed and more businesses open. Periods where the tendency to save is increased can have a negative effect on the economy as people purchase fewer goods and services (low demand for goods and services), resulting in fewer jobs and increased business closures.
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