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Gang of Four (00)<br />The Republic of Korea, Taiwan, Hong Kong and Singapore.<br /><em>See also:</em> newly industrialized country
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discount rate (DO, E4)<br />1 The rate of interest charged by a CENTRAL BANK to lower level financial institutions (usually COMMERCIAL BANKS) for discounting their bills, i_e. lending them money, often when acting as the LENDER OF LAST RESORT.<br /> 2 The rate used for discounting future values to the present. In coST BENEFIT ANALYSIS there is a distinction between a private and a social rate of discount. A private rate of discount reflects the time preference of private consumers; a so- cia! rate is based on the government's view, which can be more long-sighted as it attempts, in most cases, to take into account the welfare of future generations.
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federal funds market (G1)<br />US money market in which commercial banks sell short-term financial assets.
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