What Is the Monetary Conditions Index (MCI)? The monetary conditions index (MCI) was created in the early 1990s to capture two significant monetary transmissions. It combines changes in the short-term interest rate and the effective exchange rate into a single variable or index to gauge the relative ease or tightness […]
Economics
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What Does the Phrase Guns and Butter Mean? Guns and butter generally refer to the relationship between defense spending and social programs in a federal government’s budget allocations The phrase Guns and butter has come to summarize the dynamics involved in a federal government’s allocations to defense versus social programs […]
Auditable Meaning in Accounting vs Software Applications Auditable Meaning in Accounting and Finance: The ability of an auditor to successfully conduct a comprehensive examination of a client’s financial records, files, & data. A financial audit is an official examination of an individual’s or organization’s financial statements and records. Typically, an […]
What Is EBIDA – Earnings Before Interest, Depreciation and Amortization? EBIDA is an after-tax measure of a company’s operating performance. It’s an acronym for Earnings Before Interest, Depreciation & Amortization. EBIDA is a measure of a company’s earnings that adds interest expense, depreciation, and amortization to net income. However, it […]
What Does MFN Mean? What does MFN mean? It is an acronym for Most Favored Nation status. It represents a high level of treatment from one state to another in international trade and finance. The term comes from the field of international trade. Treaties and trade agreements often include provisions […]
What Is Forward Integration? Forward integration occurs when a company moves downstream in the value chain toward controlling the distribution of its products or services. It does this by acquiring or merging with businesses downstream that were its former customers. However, it still maintains control over its core business activities. […]