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Edge Act Corporation (G2, Ml)<br />A type of US financial corporation m existence since 1919 which can receive deposits from foreign governments and other non-US residents and from US citizens whose deposits are transmitted abroad. It can also hold foreign securities and engage in foreign exchange activities. These corporations can be either banking corporations mainly concerned with accepting deposits or corporations principally involved in investing in foreign nonbanking firms. The advantages of being a corporation of this kind are that they can operate across state boundaries, in the case of international transactions, and that their investments can be wider than those of FEDERAL RESERVE member banks, e.g. in foreign finance.<br /><em>See also:</em> McFadden Branch Banking Act
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<strong>Estimated need cutoff</strong> – The estimated need amount that students must demonstrate to qualify for the Gallagher and College Guarantee programs. The MDHE estimates the need cutoff each spring; the actual need cutoff is determined immediately prior to setting spending authority in FAMOUS.
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nominal value of a yield(%) share xdividend (%) 100 market price x 100 x & Divisia money index (E4)<br />A combination of different measures of money weighted by the amount of interest paid on each. The higher the interest rate, the less the monetary instrument is 'money' in the narrow sense of being CASH. The growth of interest-bearing cuRRENT ACCOUNTS has rendered the index less usefuL<br /><em>See also:</em> money supply <br /><em>Reference</em><br />Barnett, WA., Fisher, D. and Serletis, A. (1992) 'Consumer theory and the demand for money', Journal of Economic Literature 30: 2086-119.
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