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Definition of Constant dollars
See real dollars.
A variable like GDP is measured in current dollars if each year's value is measured in prices prevailing during that year. In contrast, when measured in real or constant dollars, each year's value is measured in a base year's prices.
A method for restating financial statements by reducing or
Version of the dividend discount model in which dividends grow at a constant rate.
Also called the Gordon-Shapiro model, an application of the dividend discount
dollars held on deposit in a bank outside the United States.
Deposits denominated in U.S. dollars but held in banks located outside the United States, such as in Canada or France.
The value of research services that brokerage houses supply to investment managers "free of
An exchange rate held constant by a government promise to buy or sell dollars at the fixed rate on the foreign exchange market.
Measured in base year, or constant, dollars. Contrast with nominal.
The rate of interest excluding the effect of inflation; that is, the rate that is earned in terms
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