Balanced Economy

Balanced Economy :

Balanced Economy - economics

A condition of national finances in which im¬ports and exports are equal.


The currency of Panama - 1B = 100 centesimos.

Bale – shipping

A large bundle of compressed, bound and usu¬ally wrapped goods such as cotton

Bale Cargo - shipping

Bulky cargo shipped in bales, usually of burlap

Ballast - shipping

Heavy material strategically placed on a ship to improve its trim or stability. In most vessels water is used as ballast.

Bandwidth – computers / Intemet

The data transmission capacity of an electric communications channel or connection. The more bandwidth, the more data can be transferred in a given period of time. Bandwidth is measured in bits per second (bps). The technical definition of bandwidth refers to the difference be¬tween the highest and lowest frequency that a connection can transmit and is measured in hertz (Hz) or cycles per second. The greater the difference between these two values the more data can be sent in a given period of time. Bandwidth differs greatly depending upon a number of factors. LANs (local area networks) as used in many office environments are much faster than WANs (wide area networks) such as dial-up modems, DSL and Tl-3 lines as used in most Internet con¬nections. The following chart gives a sampling of bandwidth for the most common network configurations.

WAN Connections Bandwidth Switched Services

Dial-up modems 9.6, 14.4,28.8, 33.6 and 56 Kbps ISDN BRI 64-128 Kbps PRI 1.544 Mbps

Unswitched Private Lines -

T1 1.5 Mbps

T3 44.7 Mbps

DSL 144 Kbps to 52 Mbps

LAN Connections Bandwidth

Ethernet (10 BaseT) 10 Mbps

Fast Ethernet (100 BaseT) 100 Mbps Gigabit Ethernet 1,000 Mbps

Token Ring 4,16 Mbps

ATM 25,45,155,622, and 2,488 Mbps!

Bank Acceptance - banking

A bill of exchange drawn on or accepted by a bank to pay specific bills for one of its customers when the bill become due. Depending on the bank’s creditworthi¬ness, the acceptance becomes a financial instrument which can be discounted for immediate payment. See bill of ex¬change.

Bank Affiliate Export Trading Company - U.S.

An export trading company partially or wholly owned by a banking institution as provided under the U.S. Export Trading Company Act. See export trading com¬pany; Export Trading Company Act.

Bank Draft - banking

A check drawn by one bank against funds de¬posited to its account in another bank.

Bank Holiday - UK

British term for a legal holiday where banks and government offices are closed.

Bank for International Settlements = BIS - banking

Established in 1930, this organization was de¬signed to foster cooperation among world central banks, to seek opportunities for development of financial activity among governments and to serve as an agent involving the transfer of payments. Contact: Bank for International Set¬tlements; Centralbahnplatz 2; CH-4002 Basel, Switzer¬land - Tel : [41] (61) 280-8080 – Fax : [41] (61) 280-9100

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