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"More fundamentally, we need to abandon the GDP fetishism of equating material consumption, as measured by per capita GDP, with wellbeing."

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What happens if interest rates go to zero?

Geoff Simmons and Bernard Hickey discuss the options New Zealand has in a zero interest rate world

15th Oct 16, 9:27am

by Geoff Simmons

Geoff Simmons and Bernard Hickey discuss the options New Zealand has in a zero interest rate world

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Definition: Acid test ratio. The acid-test ratio or 'quick ratio' helps to show whether a company can quickly pay off its short-term debts using its most liquid assets. A ratio above 1.0 is generally a good sign. This ratio is more conservative than the current ratio because it leaves out inventory and other assets that aren't easily converted into cash.

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