Wednesday, 24 October 2012
Nominal Interest
Nominal Interest - The percent of the amount borrowed paid each year to the lender by the borrower in return for the use of the money not taking inflation into account.
Purchasing Power
Purchasing Power - The real value of a dollar. This describes the quantity of goods and services that can be purchased for a dollar, taking into account the effects of inflation.
Quantity Theory of Money
Quantity Theory of Money - The theory that says that the value of money is based on the amount of money in circulation, that is, the money supply.
Liquidity
Liquidity - The ease with which somethingof value can be exchanged for the currency of an economy.
Fiat Money
Fiat Money - Money that has no intrinsic value, that is, its only value comes from the fact that a governing body backs and regulates the currency.
Store of Value
Store of Value - A good that holds a value in such a way that its price is fairly insensitive inflation.
money
money-coins and paper currency issued by a government for payment of debts and for purchase of goods and services.
Tuesday, 23 October 2012
Apple envails small iPad, (iPad Mini)
The highly-anticipated tablet computer is a smaller, cheaper version of the tech giant's popular iPad, and a fourth generation iPad.
Apple chief executive officer Tim Cook started off the event saying, ""We have some very fond memories here, and we're going to create a few more today."
But first, Apple senior vice president Phil Shiller took the stage to introduce a fourth generation iPad.
"It is a power house," Shiller said.
37 Photos Apple launches iPad Mini, new MacBook Pro View the Full Gallery »The fourth generation iPad features an A6X processor, 5 megapixeliSight camera, expanded LTE chipset, front-facing camera with FaceTime and 720p video capture, faster Wi-Fi, and Lightening connector. The new iPad is pricedat $499 for a 16 GB model, $629 for a 16 GB model with 4G LTE.
Shiller also introducedan iPad mini. The smaller iPad is 7.2 millimeters thick, 0.63 pounds, comes in white and slate black. The iPad mini's screen is 7.9-inches at 1,024 x768 display resolution.
Apple launched the original iPad in April 2010. The iPad has since dominated the 9-inch tablet market, with a reported 70 percent market share. Cook reported that there over 100 millioniPads have been sold.
The iPad mini starts at$329 for a 16GB Wi-Fionly model, $429 for a 32 GB model and$529 for a 64 GB model.The Wi-Fi only models will ship on Nov. 2. The iPad mini models with Wi-Fi and4G starts at $459 for 16GB, $559 for 32GB, and $659 for 64GB, and is available on Nov. 16.
Apple chief executive officer Tim Cook started off the event saying, ""We have some very fond memories here, and we're going to create a few more today."
But first, Apple senior vice president Phil Shiller took the stage to introduce a fourth generation iPad.
"It is a power house," Shiller said.
37 Photos Apple launches iPad Mini, new MacBook Pro View the Full Gallery »The fourth generation iPad features an A6X processor, 5 megapixeliSight camera, expanded LTE chipset, front-facing camera with FaceTime and 720p video capture, faster Wi-Fi, and Lightening connector. The new iPad is pricedat $499 for a 16 GB model, $629 for a 16 GB model with 4G LTE.
Shiller also introducedan iPad mini. The smaller iPad is 7.2 millimeters thick, 0.63 pounds, comes in white and slate black. The iPad mini's screen is 7.9-inches at 1,024 x768 display resolution.
Apple launched the original iPad in April 2010. The iPad has since dominated the 9-inch tablet market, with a reported 70 percent market share. Cook reported that there over 100 millioniPads have been sold.
The iPad mini starts at$329 for a 16GB Wi-Fionly model, $429 for a 32 GB model and$529 for a 64 GB model.The Wi-Fi only models will ship on Nov. 2. The iPad mini models with Wi-Fi and4G starts at $459 for 16GB, $559 for 32GB, and $659 for 64GB, and is available on Nov. 16.
Subscribe to:
Posts (Atom)