INDEX
Industrial Strategy 234
depletion 32–3
deposit (property) 176, 244
deposit accounts 56, 87, 166–7
deposit liabilities 90
depreciation 27, 29, 32–3
depression 94–5
derivatives 47, 52–3
designs, registered 235
digital money 13, 18, 220–29
bitcoin 224–5
crowdfunding 226–7
cryptocurrency 222–3
peer-to-peer lending 228–9
tax on 243
dilution 41
direct taxes 106, 135, 238
discount brokers 76, 187
discount mortgages 215
disposable income 114
diversification 80, 169, 188–9
dividends
commercial banks 72, 73
dividend cover 165
investment banks 75
managed funds 185
shareholders’ funds 45
shares 36, 38, 42, 43, 46, 48, 49, 68, 81,
154, 158, 159, 164–5, 174, 175, 186
dollar (pound) cost averaging 187, 190–91
domestic expenditure 115
donations 37
double entry bookkeeping 88, 89
Dow Jones 169
drip-feeding money 187, 190E
early repayment charges 211
earnings 154, 156
inflating 29
per share 28, 29
reported 31, 34
volatile 34
economic indicators 114, 116 –17
economic policy 118–19
economic variables 119
economics, modern 20–21
education
costs 152, 155, 162, 199
government investment in 131
effective demand 134, 135
effective tax rate 126
efficient frontier 194–5
Einstein, Albert 209elderly parents 199
endowments 173
energy
cost of 132
government investment in 130
Enron 35
entry unit price 185
equipment 37
equities 80
over investment in 141
equity
finance 40
home 180–81
property 213
Eretheum 221
Euro 19
Euronext 55
European Central Bank 100
European Patent Office 235
European Union, retirement in 247
excess (insurance) 79
excess reserves 90
exchange rates
central banks and 100
and inflation 133
international currency fluctuations 138–9
excise duty 107
exit unit price 185
expansionary policy 93
expected return 195
expenses
as assets 30–31
corporate 27, 29
property 170–71
expensing vs capitalizing 27, 30–31
exports 115, 135
ex ternal debts 111F
face value 50, 51
factors 39
fiat currency 87, 220
financial account (BOP) 136, 137
financial advisors 151, 187, 199, 200
Financial Conduct Authority 83, 244
financial institutions 70–83
brokerages 76–7
commercial and mortgage banks 72–3
insurance risk and regulation 78–9
investment banks 74–5
investment companies 80–81
non-bank financial institutions 82–3
financial instruments 46–53
bonds 50 – 51derivatives 52–3
shares 48–9
financial markets 54–69
arbitrage 64–5
day trading 68–9
foreign exchange and trading 58–9
manipulating the stock market 66–7
the money market 56–7
predicting market changes 62–3
primary and secondary markets 60–61
financial reporting 44–5
Financial Reporting Council (FRC) 234
Financial Services Authority (FSA) 233
financial statements 35
financing cash flow 39
first-time buyers 244–5
fiscal policy 112
Fisher, Irving 22
fixed rate bonds 167
fixed-rate mortgages 214, 244
flotation 36, 48, 60, 61, 165
focus groups 159
foreign balance 115
foreign exchange and trading 58–9, 236
foreign reserves 139
forex markets 58–9
fourth markets 61
fractional reserves 90–91
fraud
credit card 219
pension 203
prevention 234–5
Friedman, Milton 23, 118, 133
FTSE 100 76, 165, 169, 187, 232
FTSE 350 232
FTSE All-share 169, 233
FTSE Fledgling 233
FTSE SmallCap 232–3
fund companies 187
fund managers 80–81, 169, 184
fund supermarkets 187
fundamental analysis 62, 63
funding level, pensions 141
fundraising 226
funds
investment 47
managed 168–9
futures 52, 54, 163G
gambling tax 241
Garfield, James 86
gearing ratio 27, 40 – 41
Germany, hyperinflation 144–5248-256_Index_Acks.indd 250 13/10/2016 16:33