What Are Raw Materials? Raw materials are materials or substances used in the primary production or manufacturing of goods. Raw materials are commodities that are bought and sold on commodities exchanges worldwide. Businesses buy and sell raw materials in the factor market because raw materials are factors of production. Key Takeaways Raw materials are the input goods or inventory
What Is the Reserve Bank of India (RBI)? The Reserve Bank of India (RBI) is the central bank of India, which began operations on Apr. 1, 1935, under the Reserve Bank of India Act. The Reserve Bank of India uses monetary policy to create financial stability in India, and it is charged with regulating the
What Is a Quota? A quota is a government-imposed trade restriction that limits the number or monetary value of goods that a country can import or export during a particular period. Countries use quotas in international trade to help regulate the volume of trade between them and other countries. Countries sometimes impose quotas on specific products to reduce
What Is Quotation? Quotations refer to the most recent sale price of a stock, bond, or any other asset traded. In addition, most asset classes also quote the bid and ask price that determines the final sale price. The bid is defined as the highest price a buyer is willing to pay for the assets, while the ask
What Is a Quote? A quote is the last price at which an asset traded; it is the most recent price that a buyer and seller agreed upon and at which some amount of the asset was transacted. The bid quote is the most current price and quantity at which a share can be bought.
What Is a Quoted Price? A quoted price is the most recent price at which an investment (or any other type of asset) has traded. The quoted price of investments such as stocks, bonds, commodities, and derivatives changes constantly throughout the day as events occur that affect the financial markets and the perceived value of
What Does R Mean? In securities trading, the letter R has a special meaning when added to the end of a ticker symbol. The letter R has a different meaning when applied as part of financial formula where it usually means some form of return. On the NASDAQ exchange, R is used as a fifth
What Is Rabbi Trust? A rabbi trust is a trust created to support the non-qualified benefit obligations of employers to their employees. A rabbi and his congregation first used this type of trust after an Internal Revenue Service (IRS) private letter ruling approved its use; it has been referred to as a rabbi trust ever
What Is the Race to the Bottom? The race to the bottom refers to a competitive situation where a company, state, or nation attempts to undercut the competition’s prices by sacrificing quality standards or worker safety (often defying regulation), or reducing labor costs. A race to the bottom can also between governments to attract industry or tax revenues. For
What Is Racketeering? The term racketeering broadly refers to criminal acts, typically those involving extortion, that involve a “racket”. A racket, being some sort of scheme organized to extract illegal profits. It is usually used in reference to patterns of illegal activity specified in the Racketeer Influenced and Corrupt Organizations Act (RICO). This is a
