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Keelage is a fee paid by the owners of a ship for being permitted to dock in certain ports and harbours.
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Keynesianism is an approach to macroeconomics based on the work of John Keynes. Failures of co-ordination between markets, even if these are internally efficient, may generate recession and mass unemployment. For example, unemployed workers may be unable to find jobs because there is no demand for the goods they produce although these same workers would demand the goods if they were employed and earned wages. In this view, governments have a role to play by putting money into workers' pockets through public works, i.e. creating the demand and raising the level of production through the multiplier process. This view of the economy was widely accepted between the late 1940s and the 1960s, when it came under attack first by the monetarists and more recently by the new classical macroeconomists.
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The Kina is the currency of Papua New Guinea. One Kina equals 100 toea.
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Knocx Vs Lee was an american legal-tender case brought before the Supreme Court of the United States in 1870 by writ of error from the Circuit Court of Texas. A flock of sheep, belonging to Mrs Lee, of Pennsylvania, had been seized by the Confederate authorities and sold to Knox for Confederate money. Mrs Lee brought suit for recovery and demanded payment in gold or silver, though at the time of the sale greenbacks were deemed legal tender. The defendant objected and the court sustained the objection, saying there was no difference in value in law between the two. Judgment was found for the plaintiff and was confirmed by the Supreme Court of the United States. This decision overruled in part that given in the case of'Hepburn Vs Griswold.
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Kondratieff waves are long cycles in economic activity, whose existence were predicted by the Russian economist N D Kondratieff. The cycles were thought to last about 40 years, the last downswing having been the Depression of the 1930s. Careful inspection of the data, however, provides little evidence to support the existence of these cycles.
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The Koruna is the currency of Czechoslovakia.
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The kreuzer was an Austrian and German coin equal to one hundredth of a gulden. The German kreuzer was a silver and later copper coin that remained current in Southern Germany until 1876. The Austrian kreuzer was a copper coin.
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The krone or krona is the currency of Sweden, Denmark, Iceland and Norway. The krone is divided into 100 ore and was introduced into Norway, Sweden and Denmark by treaties of 1873 and 1875. The krone was introduced into Iceland by the act of union in 1918.
The Krone was the monetary unit of Austria and Hungary, each krone being divided into 100 heller. The Krone was introduced into Austra and Hungary in 1892 replacing the old kreuzer and gulden system.
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The kwacha is the currency of Zambia and Malawi. In Malawi the kwacha (dawn) is the unit of currency in Malawi. So named because 100 tambala (cockerel) equal one Kwacha - 100 cockerels herald the dawn.
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The kyat is the currency of Burma.
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Abbreviations
Money
