Defining Terms
Banking
Economics
Careers and Education
Potpuorri
100
This is a person who buys goods or services
What is a consumer?
100
A member of a union who wants to take out a low-interest loan will probably go to one of these banks.
What is a credit union?
100
Old age, disability, and survivors insurance are all a part of this.
What is Social Security
100
This group of people usually finds it harder to find jobs than people with higher education
What are high school dropouts
100
When a person declares this, he or she hurts his or her credit rating
What is bankruptcy?
200
This is a person or company that provides goods and services.
What is a producer?
200
This is where all paper money is printed
What is the Treasury Department's Bureau of Engravving and Printing?
200
This is what happens to the value of a stock, if the corporation fails to make a profit
What is a decline?
200
Most Americans work in this type of industry.
What is the service industry?
200
This is a risky buy potentially lucrative investment
What are stocks
300
When a country sells more than it buys it is said to have this.
What is a trade surplus?
300
Most Americans buying a home will do so with this type of credit.
What is long-term credit?
300
These are the four stages in the business cycle
What is a peak, trough, contraction, and expansion?
300
These are the things people believe to be most important in their lives
What are personal values?
300
If this policy is in effect, the overall demand for goods and services increases.
What is an easy-money policy?
400
A country has then when a nation can provide a product cheaper than its trading partners
What is an absolute advantage?
400
Before a bank makes a large loan, it may deduct a small amount, also known as this.
What is discounting?
400
This was weakened as a result of the Sept. 11, 2001, terrorist attacks.
What is the U.S. economy?
400
Physical therapists, nurses, and teachers are all examples of this
What are professionals?
400
These are expenses that occur regularly and must be paid.
What are fixed expenses?
500
When the Federal Reserve raises interest rates to slow economic growth they are said to be engaging in this
What is tight-money policy?
500
If a person accidently writes a check for more than the amount in his or her bank account, he or she may be charged this
What is an overdraft penalty
500
The number of building permits issued is an examle of this.
What is a leading indicator?
500
Job discrimination against people with disabilities was made illegal with the passage of this
What is the Americans with Disabilities Act?
500
This is the record of a country's income and payments between consumers, businesses, and governments
What is the balance of payments?
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