Examlex
In all return on investment calculations,invested capital should be measured as an average for the period under review.
Intrinsic Value
The inherent or true value of an asset, investment, or company, based on underlying perception of its true value including all aspects of the business.
First Bankers
This refers to individuals or institutions that were among the earliest to engage in banking activities, such as accepting deposits and making loans.
Goldsmiths
Historically, craftsmen who made objects out of gold, but in financial history, they are known for keeping gold deposits and issuing paper bank notes redeemable for gold.
Medium Of Exchange
An intermediary instrument or system used to facilitate the sale, purchase, or trade of goods and services between parties.
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