This idea has to do with a period of low interest rates to boost spending and investments. Cheap money is the idea that since interest rates are low, from the bank, then it is cheaper to borrow that money and invest it in something.
Hi nominal means in terms og currency. That is the value of the money before anything is done with it. I.e. taking into account inflation, taxes etc.
What does "cheap" mean to you in terms of money? Try pawn shops, gun shops, gun shows.
The charge for borrowing something (money) or the return for lending it
In math terms commission is the amount of money a salesclerk receives on a sale. A salesclerk receives a commission with their salary.
operational definition of terms
Inflation is the economic term that describes an increase in product price without the increase of money's worth.
example of definition of terms
The cultural beliefs of the characters
definition
the process of putting money into the central bank/federal reserve to be used without the benefit of gaining interest in terms of a sum of money that is held in reserve.
Money is often defined in terms of the three functions or services that it provides. Money serves:1. As a medium of exchange2. As a store of value, and3. As a unit of account
like terms - are terms that have identical variable parts and constant terms