Before you have a hysterectomy: understand the basics. The uterus, or womb, is a pelvic organ suspended by ligaments between the bladder and rectum and connected to the vagina with the cervix. The fallopian tubes carry eggs from the ovaries to the uterus.
Because many of these assumptions are necessary for financial statements to have value, it is usually best to understand and review them when considering financial documents. Among the various conceptual assumptions that underlie modern accounting is the stable monetary unit concept. The stable monetary unit concept assumes that the value of the dollar is stable over time. This concept essentially allows accountants to disregard the effect of inflation -- a decrease, in terms of real goods, of what a dollar can purchase.
Monetary base. Definition: Sum of the currency held by the public and reserves held by financial institutions with the Federal Reserve Banks. This is the monetary aggregate that the Federal Reserve has control over through its monetary policy. Also called High Powered Money because the effect of changes in monetary base on money supply is magnified by the money multiplier.