Examlex
Why is it necessary to distinguish between the target federal funds rate and the market federal funds rate?
Explicit Cost
The monetary payment made by a firm to an outsider to obtain a resource.
Accounting Profits
The net income a company has after subtracting all costs and expenses from total revenue, as recognized in financial statements.
Opportunity Cost
The value of the next best alternative that is foregone as a result of making a particular decision.
Accounting Profits
The total revenues of a business minus the explicit costs, essentially the net income on the financial statements.
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