What Is the Asia-Pacific Economic Cooperation (APEC)? The Asia-Pacific Economic Cooperation (APEC) is an economic group of 21 members, formed in 1989, with the primary goal of promoting free trade and sustainable development in the Pacific Rim economies. Key Takeaways The Asia-Pacific Economic Cooperation (APEC) is a 21-member economic forum that was established in 1989.APEC
What Is an Application-Specific Integrated Circuit (ASIC) Miner? An application-specific integrated circuit (ASIC) is an integrated circuit chip designed for a specific purpose. An ASIC miner is a computerized device that uses ASICs for the sole purpose of “mining” digital currency. Generally, each ASIC miner is constructed to mine a specific digital currency. So, a
What Is the Agricultural Sector Investment Program (ASIP)? The Agricultural Sector Investment Program (ASIP) was an economic development project initiated in March 1995 by the World Bank Group. The project directed $60 million in funds toward the improvement of agricultural productivity in Zambia and other African countries. Unfortunately, the project ended in 2001 after failing
What Is an Assay? An assay is a process of analyzing a substance to determine its composition or quality. The term is often used in the mining industry to refer to tests of ore or minerals. The term assay is also used in the environmental, chemical, and pharmaceutical industries. Assaying is also important in futures
What Is the Annual Percentage Yield (APY)? The annual percentage yield (APY) is the real rate of return earned on an investment, taking into account the effect of compounding interest. Unlike simple interest, compounding interest is calculated periodically and the amount is immediately added to the balance. With each period going forward, the account balance
What Is an Average Qualitative Opinion (AQO) Average Qualitative Opinion (AQO) summarizes investment analysts’ ratings for a particular security. It also is akin to an average analyst opinion. In some circles, the AQU is either buy, hold or sell, based on the average rating from analysts covering a security. In others, it is strictly a
Member Nations of the Arab League Algeria (1962) Jordan* Oman (1971) Syria* Bahrain (1971) Kuwait (1961) Palestine (1976) Tunisia (1958) Comoros (1993) Lebanon* Qatar (1971) United Arab Emirates (1971) Djibouti (1977) Libya (1953) Saudi Arabia* Yemen* Egypt* Mauritania (1973) Somalia (1974) Iraq* Morocco (1958) Sudan (1956) Source: Council on Foreign Relations *denotes a founding member state There are four nations
What Is the Arab Monetary Fund (AMF)? The term Arab Monetary Fund (AMF) refers to an organization launched in 1976 by the Arab League. The fund was established in order to balance payments and promote beneficial trade between participating member nations to boost the development of their economies. The fund has 22 member nations spread
What Is Arbitrage? Arbitrage is the simultaneous purchase and sale of the same or similar asset in different markets in order to profit from tiny differences in the asset’s listed price. It exploits short-lived variations in the price of identical or similar financial instruments in different markets or in different forms. Arbitrage exists as a
What Is an Arbitrage Bond? An arbitrage bond refers to the refinancing of a municipality’s higher interest rate bond with a lower interest rate bond prior to the higher interest rate bond’s call date. Key Takeaways An arbitrage bond is the refinancing of a municipality’s higher interest rate bond with a lower interest rate bond
