What does numéraire mean?
Definitions for numéraire
numéraire
This dictionary definitions page includes all the possible meanings, example usage and translations of the word numéraire.
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Wiktionary
numérairenoun
a basic standard by which values are measured
Acting as the numu00E9raire is one of the functions of money: to measure the worth of different goods and services relative to one another. "Numu00E9raire goods" are goods with a fixed price of 1 used to facilitate calculations when only the relative prices are relevant
Wikidata
Numéraire
Numéraire is a basic standard by which value is computed. Acting as the numéraire is one of the functions of money, to serve as a unit of account: to measure the worth of different goods and services relative to one another, i.e. in same units. "Numéraire goods" are goods with a fixed price of 1 used to facilitate calculations when only the relative prices are relevant, as in general equilibrium theory or in effect for base-year dollars. When economic analysis refers to goods as the numéraire, typically that analysis assumes that prices are normalized by g's price. In general equilibrium theory setting the price of one good to be 1 has the problem that this presumes that this good will not be a free good in equilibrium. This is typically avoided by using the sum of the prices of all goods to be 1, that is, by restricting prices to the unit simplex.
Numerology
Chaldean Numerology
The numerical value of numéraire in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of numéraire in Pythagorean Numerology is: 9
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Translations for numéraire
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- numéraireTamil
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"numéraire." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/num%C3%A9raire>.
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