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bid rent (Q2)<br />The amount of money a household will offer a landowner for space to provide a particular level of UTILITY.<br /><em>Reference</em><br />Wheaton, W (1977) 'A bid rent approach to housing demand', Journal of Urban Economics 4: 200-17.
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optimum quantity of money (E4)<br />The quantity of money associated with a nominal rate of interest of zero and maximum consumer welfare. This can only be adopted as a policy if there is a model of how money is used in a national economy.<br /> <br /><em>Reference</em><br />Bewley, T. (1983) 'A difficulty with the optimum quantity of money', Econometrica 51: 1485-1504.<br /> Friedman, M. (1969) The Optimum Quantity of Money and Other Essays, Chicago: Aldine.
<strong>Reinstatement (of borrower Title IV eligibility)</strong> – A process by which a borrower with a defaulted FFEL Program loan may regain eligibility for Title IV aid by adhering to strict repayment requirements.
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