What Is a Narrow Basis? The term narrow basis refers to how close the cash price of a commodity is to its future price in the commodities futures market. Put simply, there is a small difference or spread between the spot price of a commodity and its price in a futures contract. This condition generally
What Is Narrow Money? Narrow money is a category of money supply that includes all physical money such as coins and currency, demand deposits, and other liquid assets held by the central bank. In the United States, narrow money is classified as M1 (M0 + demand accounts). In the United Kingdom, the narrowest measure of money is
What Is the North American Securities Administrators Association (NASAA)? The North American Securities Administrators Association (NASAA) is an organization of securities regulators whose aim is to protect investors from fraud. Founded in 1919 in the U.S. state of Kansas, its membership of 67 securities administrators from across North America works to protect customers of investment
What Is the National Association of Securities Dealers (NASD)? The National Association of Securities Dealers (NASD) was a self-regulatory organization of the securities industry and a predecessor of the Financial Industry Regulatory Authority (FINRA). It was responsible for the operation and regulation of the NASDAQ stock market and over-the-counter markets. It also administrated exams for investment professionals
What Is Nasdaq? Nasdaq is a global electronic marketplace for buying and selling securities. Its name was originally an acronym for “National Association of Securities Dealers Automated Quotations”—Nasdaq started as a subsidiary of the National Association of Securities Dealers (NASD), now known as the Financial Industry Regulatory Authority (FINRA). Nasdaq was launched after the Securities and Exchange
What Is the Nasdaq-100 Pre-Market Indicator (PMI)? The Nasdaq-100 Pre-Market Indicator (PMI) reflects trading activity based on pre-market open prices for the Nasdaq 100 Index, and gives an indication of the opening price for the index each trading day. Nasdaq developed the indicator to give investors and traders a better view of market activity prior to the
What Is the Nasdaq Composite Index? The Nasdaq Composite Index is a market capitalization-weighted index of more than 3,700 stocks listed on the Nasdaq stock exchange. As a broad index heavily weighted toward the important technology sector, the Nasdaq Composite Index has become a staple of financial markets reports. Key Takeaways The Nasdaq Composite Index
What Was the Nasdaq National Market (Nasdaq-NM)? The term Nasdaq National Market (Nasdaq-NM) referred to one of the market tiers of the Nasdaq. The Nasdaq-NM is what most people thought of when they referred to the Nasdaq. This tier was made up of more than 3000 companies whose base consisted of domestic and foreign shareholders.
What Is Nash Equilibrium? Nash equilibrium is a concept in game theory where the optimal outcome is when there is no incentive for players to deviate from their initial strategy. The players have knowledge of their opponent’s strategy and still will not deviate from their initial chosen strategies because it remains the optimal strategy for
What Is National Income Accounting? National income accounting is a bookkeeping system that a government uses to measure the level of the country’s economic activity in a given time period. Accounting records of this nature include data regarding total revenues earned by domestic corporations, wages paid to foreign and domestic workers, and the amount spent
