ALL
PEOPLE OR INSTITUTIONS THAT CARRY EXCESS OF MONEY AND WANT TO “EARN INTEREST” ARE CALLED?
LENDERS
IS A LOAN THAT IS PAYABLE OVER A PERIOD LONGER THAN A YEAR.
LONG-TERM DEBT
INCLUDES ALL OF THE BUSINESS ACTIVITIES NECESSARY FOR CREATING, SHIPPING, AND SELLING GOODS AND SERVICES ACROSS NATIONAL BORDERS.
INTERNATIONAL BUSINESS
MONEY EARNED ON SAVINGS ACCOUNTS AND OTHER FUNDS IS CALLED?
INTEREST
WHAT ARE THE TWO MAJOR INTERNATIONAL FINANCIAL AGENCIES IN THE WORLD?
1) WORLD BANK
2) INTERNATIONAL MONETARY FUND (IMF)
PORTION OF A CORPORATION’S PROFITS DISTRIBUTED TO STOCKHOLDERS.
DIVIDENDS
IS A LOAN TO PURCHASE REAL ESTATE. THE LENDER WILL CHECK YOUR CREDIT HISTORY, EMPLOYMENT HISTORY AND REFERENCES.
MORTGAGE
IS A TAX ON IMPORT. THAT REDUCES THE QUANTITY OF IMPORTS SUPPLIED, SO THE PRICE GOES UP.
A TARIFF
ACCOUNT INTO WHICH EMPLOYEES VOLUNTARILY CONTRIBUTE A PORTION OF THEIR EARNINGS.
FOR EXAMPLE: 401K
RETIREMENT PLANS
MAKES FUNDS AVAILABLE TO HELP DEVELOPING COUNTRIES. THESE LOANS CAN BE PAID BACK OVER MANY YEARS (UP TO 50) AND HAVE VERY LOW INTEREST RATES.
THE INTERNATIONAL DEVELOPMENT ASSOCIATION (IDA)
WHEN INTEREST IS COMPUTED ON THE PRINCIPAL ONCE DURING A CERTAIN TIME PERIOD IS CALLED?
SIMPLE INTEREST
HELPS PEOPLE THAT CANNOT LONGER PAY THEIR DEBTS GET A FRESH START BY LIQUIDATING ASSETS TO PAY THEIR DEBTS OR BY CREATING A REPAYMENT PLAN?
BANKRUPTCY
IS A LEGAL LIMIT ON THE AMOUNT OF A PARTICULAR COMMODITY THAT CAN BE IMPORTED.
A QUOTA
IS YOUR TOTAL SALARY OR WAGES EARNED DURING A PAY PERIOD?
GROSS PAY
PROVIDES CAPITAL AND TECHNICAL ASSISTANCE TO PRIVATE BUSINESSES IN NATIONS WITH LIMITED RESOURCES.
THE INTERNATIONAL FINANCE CORPORATION (IFC)
RESTRICTIONS THAT REDUCE FREE TRADE AMONG COUNTRIES.
TRADE BARRIERS
INVOLVES PAYING OFF AN EXISTING LOAN WITH ANEW LOAN THAT HAS BETTER TERMS, SUCH AS A LOWER INTEREST RATE.
REFINANCING
IS THE DIFFERENCE BETWEEN THE VALUE OF A COUNTRY’S EXPORTS AND IMPORTS FOR A GIVEN PERIOD.
BALANCE OF TRADE
IS USED TO REPORT THE TAXABLE INCOME THAT A WORKER RECEIVED DURING THE CALENDAR YEAR (JAN 1 THROUGH DEC 31).
FORM W-2
WHICH LAW IS MADE BY A SET OF DECISION MAKERS WHOSE SPECIFIC PURPOSE IS TO MAKE LAWS. THE DECISIONS, OR LAWS, MADE BY THIS BODY OFTEN CHANGE OR ADD TO PREVIOUS DECISIONS?
THE STATUTORY LAW
WHAT DOES THE IMF PROVIDE TO A COUNTRY FROM AN ESCALATING TRADE DEFICIT AND A DECLINING CURRENCY VALUE?
LOW-INTEREST LOANS
A PRINCIPAL CALLED THE __________ PROVIDES A QUICK FORMULA FOR COMPUTING HOW LONG IT WILL TAKE TO DOUBLE THE MONEY INVESTED AT A GIVEN INTEREST RATE.
RULE OF 72
REFERS TO THE REDUCTION OF THE AVERAGE COST OF OUTPUT AS A FIRM EXPANDS ITS SCALE OF PRODUCTION.
ECONOMIES OF SCALE
IS ONE OF THE SEVERAL FORMS USED TO FILE A FEDERAL TAX RETURN. THIS IS A SHORT TAX RETURN FORM DESIGNED FOR USE BY SINGLE AND JOINT FILERS WITH NO DEPENDENTS OR ITEMIZED DEDUCTIONS
FORM 1040
THE ___________________ SETTLES DISPUTES BETWEEN NATIONS WHEN BOTH NATIONS REQUEST THAT IT DO SO. THE COURT WAS ESTABLISHED IN 1946 BY THE CHARTER OF THE UNITED NATIONS.
INTERNATIONAL COURT OF JUSTICE