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Business Dictionary :
Basket
Basket
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Basket : noun :
(a) Container made of thin pieces of wood or metal or plastic
• A basket of apples
• Filing basket = container kept on a desk for documents which have to be filed
• Shopping basket = basket used for carrying shopping
• Waste paper basket = container into which paper or pieces of rubbish can be thrown
(b) Group of prices or currencies taken as a standard
• The pound has fallen against a basket of European currencies.
• The price of the average shopping basket or US the market basket has risen by 6%.
QUOTE : As a basket of European currencies, the ECU is protected from exchange-rate swings. (Economist)
