GDP
GDP
Finance
Finance
Money and Banking
100
the study of the economy as a whole
What is microeconomics
100
give two examples of Transfer Payments
Social security and unemployment
100
use of income for future benefits
What is investment
100
what are resold financial assets called?
What is secondary market
100
means through which goods and services are exchanged
What is Medium of exchange
200
market value of all the final goods and services produced within a nation in a given time period
What is GDP
200
USA exports - USA imports =
Net exports
200
claim of the borrowers property
What is financial asset
200
financial assets bought directly from issuer
What is primary market
200
determines the economic worth in the exchange process
What is Standard of value
300
what payments aren't included in gov spending
transfer payments
300
states GDP in terms of current value of goods and services
What is Nominal GDP
300
institution that collects funds from savers and invests them
What is financial intermediary
300
voting rights and shares of profits
What is common stock
300
Store of value is:
something that holds its value over time
400
what are the two categories of investment
fixed and inventory
400
if an economic contraction lasts more than 6 months it is considered a: ______
recession
400
long term financial investments
What is capital market
400
share of profits but not voting rights; pays dividends
What is preferred stock
400
intrinsic value based on material
What is commodity money
500
what is inventory investment
unsold goods
500
when prices rise while businesses struggle
What is stagflation
500
short term financial investements
What is capital market
500
a collection of diverse stocks that is professionally managed
What is mutual fund
500
declared viable by gov and accepted by citizens
What is Fiat Money
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