Elastic Currency

(noun)

Currency that can, by the actions of the central monetary authority, expand or contract in amount warranted by economic conditions.

Related Terms

  • Nelson W. Aldrich
  • Federal Reserve Act

Examples of Elastic Currency in the following topics:

  • Elasticity, Stress, and Strain

    • Elasticity is a measure of how much an object deforms (strain) when a given stress (force) is applied.
    • Elasticity is a measure of how difficult it is to stretch an object.
  • Structural Elements of Connective Tissue

    • Elastic fibers (or yellow fibers) are bundles of proteins (elastin) found in extracellular matrix of connective tissue and produced by fibroblasts and smooth muscle cells in arteries.
    • Elastic fibers include elastin, elaunin, and oxytalan.
    • Elastic tissue is classified as "connective tissue proper. " The elastic fiber is formed from the elastic microfibril and amorphous elastin.
    • Elastic fibers are found in the skin, lungs, arteries, veins, connective tissue proper, elastic cartilage, periodontal ligament, fetal tissue, and other structures.
  • Tax Incidence and Elasticity

  • Elastic Arteries

    • Elastic arteries contain larger numbers of collagen and elastin filaments in their tunica media than muscular arteries do, giving them the ability to stretch in response to each pulse.
    • Elastic arteries include the largest arteries in the body, those closest to the heart, and give rise to the smaller muscular arteries.
  • Definition of Price Elasticity of Supply

    • Elasticity is defined as a proportionate change in one variable over the proportionate change in another variable:
    • Elastic goods are usually viewed as luxury items.
  • Elastic Potential Energy

    • Elastic energy is the potential mechanical energy stored in the configuration of a material or physical system when work is performed to distort its volume or shape.
    • Elastic energy of or within a substance is static energy of configuration.
  • Interpretations of Price Elasticity of Demand

    • Elasticity along a straight line demand curve varies from zero at the quantity axis to infinity at the price axis .
  • Applications of Elasticities

    • For example, to determine how a change in the supply or demand of a product is impacted by a change in the price, the following equation is used: Elasticity = % change in supply or demand / % change in price.
    • Elastic products are usually luxury items that individuals feel they can do without.
  • Calculating Elasticities

    • $Price\quad Elasticity\quad of\quad Demand\quad =\quad \frac { ({ Q }_{ 2 }-{ Q }_{ 1 })\quad /\quad [({ Q }_{ 2 }+{ Q }_{ 1 })/2] }{ ({ P }_{ 2 }-{ P }_{ 1 })\quad /\quad [(P_{ 2 }+{ P }_{ 1 })/2] }$
    • $Point-Price\quad Elasticity\quad =\quad \frac { P }{ { Q }_{ d } } \times \frac { \Delta { Q }_{ d } }{ \Delta P }$
  • Overview of Exchange Rates

    • An exchange rate between two currencies is the rate at which one currency will be exchanged for another.
    • It is also regarded as the value of one country's currency in terms of another currency.
    • Conversely, if the foreign currency is strengthening, the exchange rate number increases and the home currency is depreciating.
    • In other words, the currency will depreciate.
    • This is presented by a higher exchange rate if the exchange rate is quoted as home currency / 1 foreign currency.
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