What Is the Economy? The M2M, or machine-to-machine, economy is one where the smart, autonomous, networked and economically independent machines or devices act as the participants, carrying on the necessary activities of production, distribution, and allocation with little to no human intervention. This evolving ecosystem will be made possible by the growing number of Internet of
What Is M3? M3 is a measure of the money supply that includes M2 as well as large time deposits, institutional money market funds, short-term repurchase agreements (repo), and larger liquid assets. The M3 measurement includes assets that are less liquid than other components of the money supply and are referred to as “near money,”
What Is the Maastricht Treaty? The term Maastricht Treaty refers to the international agreement that was responsible for the creation of the European Union (EU). The agreement was signed in 1992 in the Dutch city of Maastricht and became effective in 1993. It led to greater cooperation between the 12 member nations that signed the treaty by
What Is the Macaulay Duration? The Macaulay duration is the weighted average term to maturity of the cash flows from a bond. The weight of each cash flow is determined by dividing the present value of the cash flow by the price. Macaulay duration is frequently used by portfolio managers who use an immunization strategy.
What Is Macau SAR, China? Macau, like Hong Kong, is a special administrative region (SAR) of greater China that operates under the “One Country, Two Systems” principle. Similar to Hong Kong, the One Country, Two Systems policy allows Macau broad but limited autonomy in most of its governing and economic activities. Its currency is called
Known as one of the most successful turnaround CEOs and M&A (mergers and acquisitions) experts in the healthcare industry, Edwin “Mac” Crawford spent the first 15 years of his career (1971 to 1986) in the financial and industrial sectors in a series of certified public accountant (CPA), chief financial officer (CFO), and President roles. Crawford’s
What Is Moving Average Convergence/Divergence (MACD)? Moving average convergence/divergence (MACD, or MAC-D) is a trend-following momentum indicator that shows the relationship between two exponential moving averages (EMAs) of a security’s price. The MACD line is calculated by subtracting the 26-period EMA from the 12-period EMA. The result of that calculation is the MACD line. A
What Is Machine Learning? Machine learning is the concept that a computer program can learn and adapt to new data without human intervention. Machine learning is a field of artificial intelligence (AI) that keeps a computer’s built-in algorithms current regardless of changes in the worldwide economy. Key Takeaways Machine learning is an area of artificial intelligence
What Is Macro Accounting? Macro accounting is the compilation of economic data for a nation. Also known as national accounting, the data form the basis for tracking and forecasting the nation’s economic performance and development and is used to form government policy. Key Takeaways Macro accounting is the compilation and tracking of economic statistics for
What Is a Macroeconomic Factor? A macroeconomic factor is an influential fiscal, natural, or geopolitical event that broadly affects a regional or national economy. Macroeconomic factors tend to impact wide swaths of populations, rather than just a few select individuals. Examples of macroeconomic factors include economic outputs, unemployment rates, and inflation. These indicators of economic
