Telephone booth in trading world refers to one of the stationary telephones on the floor of NYSE. These phones are used by brokers for receiving orders.

 

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Realized loss is the loss that is understood by trader who sells the position at a price lower than it was bought.

 

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M1 is the entire money supply including currency, coin, demand deposit, checks and other deposits. The most liquid part of money is measured in M! as it includes currency and assets that can be swiftly converted into cash.

 

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