Examlex
If a bank has deposits of $10,000 and reserves of $5,000 and if the reserve requirement is 20%, it can make loans of $5,000.
Transitive Preferences
A principle in economics that if an individual prefers option A over option B and prefers option B over option C, then they will prefer option A over option C.
Intelligence
The ability to acquire, understand, apply knowledge, and solve complex problems, often seen as a combination of cognitive functions.
Looks
In economics, "looks" can refer to physical appearance influencing economic outcomes, although it's not a standard economic term.
Indifference Curves
A graphical representation showing combinations of goods or services among which a consumer is indifferent, depicting equal levels of satisfaction.
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