Latitude and longitude coordinates determine a location on Earth using degrees, minutes, and seconds. Latitude runs horizontally around the Earth, while longitude runs vertically and is measured from the prime meridian. Electronic instruments can calculate coordinates, but historically, navigators used instruments like the sextant and accurate watches to determine their position. Latitude and longitude coordinates […]
Serving size is determined by the amount of food a person puts on their plate, but can also be measured in cups or grams. The USDA recommends specific serving sizes for different types of food, but portion control is also important to avoid “portion distortion.” Visualizing serving sizes can be helpful. A serving of food […]
Mutual fund cost basis can be calculated using FIFO, specific identification, or average cost methods, but rules vary by country. Loads and fees can be added to the cost basis. No-load funds may still have transaction fees, which are not part of the cost basis unless they are tax deductible. The cost basis of mutual […]
Default risk premium is the compensation paid to an investor for investing in a security that may default on its payment obligations. It is determined by subtracting the risk-free return from the average return for securities of the same type, and can be influenced by a security’s volatility. Investors typically require a default risk premium […]
PPP is the balance between the purchasing power of a nation’s currency with another nation’s currency. It considers exchange rates and the cost of goods to determine if adjustments are needed. Absolute PPP focuses on exchange rates, while relative PPP considers other factors like inflation and trade regulations. PPP, or purchasing power parity, is a […]
