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fiat money (E5)<br />Anything declared to be acceptable as MONEY by a CENTRAL BANK Or finance ministry in charge of the currency. It is this declaration, rather than the intrinsic value of the money as a good (as is the case with gold and silver coinage), which gives it value. Fiat money mostly takes the form of banknotes.<br /><em>See also:</em> token money
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Slutsky, Evgeny Evgenievich, 1880-1948 (B3)<br />Born in Russia. Educated in mathematics and political economics at Kiev University and Munich Polytechnikum. He taught at the Kiev Institute of Commerce and Moscow University, as well as being a government statistician and later working at the Institute of Mathematics of the USSR Academy of Sciences from 1938. His wide-ranging work on statistical methods included a study of stochastic processes and price theory.<br /><em>Reference</em><br />Allen, R.G.D. (1950) 'The work of Eugen Slutsky', Econometrica 18: 209-16.
European Union (FO)<br />A combination of the EUROPEAN COMMUNITY, co-ordination of foreign and security policies, and co-ordination of justice and interior affairs established by the Maastricht Treaty and effective from 1 November 1993. The Council of the EU consists of the appropriate ministers from each member state for the matter under discussion.
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<strong>FDLP</strong> – The William D. Ford Federal Direct Loan Program, a federal student loan program through which the U.S. Department of Education loans money directly to students and parents rather than having the loans funded by private lenders, as in the case of the FFEL Program.
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