Investopedia

Continue to Site »

Fourth Corner Exchange

Filed Under »
Dictionary Says

Definition of 'Fourth Corner Exchange'

An alternative monetary exchange system based in the Pacific Northwest of the United States. The Fourth Corner Exchange makes use of a time dollar system of exchange that uses units of a person's time as a unit of currency. The Fourth Corner Exchange's official unit of currency is the Life Dollar, which members can accumulate by performing community-based tasks and use in exchange for similar tasks by other members.
Investopedia Says

Investopedia explains 'Fourth Corner Exchange'

Fourth Corner believes that the "traditional money system creates serious social problems, which devastate our local economies by removing money from local communities and transferring it to large corporations and financial centers, leaving the people without a medium of exchange at a local community level."

Additionally the exchange states that "as an alternative monetary system Life Dollars replace the money drained away, allowing the people to continue trading the essentials of life. Fourth Corner Exchange Life Dollars cannot be removed from the communities in which they circulate, because the members issue Life Dollars as and when they need them by trading their goods and services within their communities. This is democratic money."

Articles Of Interest

  1.

    The Basics Of Money Flow

    Learn how this indicator uses both price and volume to record a more complete picture of price action.

  2. Top 7 Questions About Currency Trading Answered

    Whether you're puzzled by pips or curious about carry trades, your queries are answered here.

  3. Getting Started In Forex

    Before entering this market, you should define what you need from your broker and from your strategy.

  4. The International Money Market

    Banks, corporations, traders and speculators all use the IMM to borrow, lend, trade, profit, finance, speculate and hedge risks.

  5. Has High Frequency Trading Ruined The Stock Market For The Rest Of Us?

    HFT is a controversial trading strategy. This article looks at how HFT affects the retail investor.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Abatement Cost

    A cost borne by many businesses for the removal and/or reduction of an undesirable item that they have created.

  2. Validation Period

    The amount of time necessary for the premium on an insurance policy to cover the commissions, the cost of investigation, medical exams and other expenses associated with the issuance of the policy.

  3. Winner's Curse

    Because of incomplete information, emotions or any other number of factors regarding the item being auctioned, bidders can have a difficult time determining the item's intrinsic value. As a result, the largest overestimation of an item's value ends up winning the auction.

  4. Glocalization

    A combination of the words "globalization" and "localization" used to describe a product or service that is developed and distributed globally, but is also fashioned to accommodate the user or consumer in a local market.

  5. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.

  6. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.
Trading Center