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fountain pen money (E5)<br />Money created by a banker who uses a pen to approve a loan. This increases the bank deposit of the borrower and adds to total bank credit.
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import (F1)<br />The purchase of a good or a service that has been produced by another country. Exports net of imports are included in a COUntry's GROSS DOMESTIC PRODUCT. An ECONOMY at the beginning of an expansionary phase will often increase its imports of raw materials and semi-finished goods. An OPEN ECONOMY Will have a high volume of imports: the smaller or more specialized an economy is, the more it will have to import to satisfy consumers' demand for a wide range of goods and services.<br /><em>See also:</em> export; inter-industry trade; intra-industry trade; marginal propensity to import
<strong>NCAA</strong> – National Collegiate Athletic Association.
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