Economic Glossary | Open Economy | Bankers Algo
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Not all of us can do great things. But we can do small things with great love.

-by Mother Teresa

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Economic Glossary

    Open Economy

An economy with a great deal of foreign trade. At the extreme, a completely open economy is one that has no trade barriers. Most of the world's hundred-plus nations are relatively open, but much less than they could be because of a wide assortment of trade restrictions. The more an economy is open, the more dependent it is on happenings around the world.


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Banker's Algo Daily Dose

Word of the day

Famish(v)

Meaning:

Reduce someone to extreme hunger

Synonyms: abstain, deny oneself, diet, fast

Antonyms: eat, glut, gorge, stuff

Apti Question of The day

Question

What is the sum of positive integers less than 100 which leave a reminder 1 when divided by 3 and leave a remainder 2 when divided by 4?

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