Global Marketplace
Global Competition
Money & Banking
Financial Institutions
misc.
100
True
True or False : Global trade has increased since 1970s.
100
exchange rate
What is the price (which fluctuates daily) that one currency can buy another currency?
100
money
What is a standard of value and a means of exchange/value?
100
Commercial Banks
What is the most common type of financial institution?
100
North American Free Trade Association
What is NAFTA?
200
Globalization
What is the term for the development of the global economy?
200
medium of exchange
What is anything that is generally accepted as a measure of value & wealth?
200
Savings & loan associations
20% of these failed in the 1980s
200
mortgages
Savings & loan associations invest mainly in this
300
domestic trade
What is the production & purchase of goods/services within a country?
300
better communication and transportation
What are the reasons that world trade have increased?
300
stable, scarce, acceptable, divisible, portable, durable & difficult to counterfeit
Name two characteristics of money
300
by lending money & charging interest on loans
What is the primary way banks generate profit?
300
members
Credit union customers are known as this
400
balance of trade
What is the difference in value between a country's imports & exports?
400
The rate the bank pays customers for keeping their money
What is interest?
400
Commercial bank
Full service banks are also known as this
500
free trade
What opens up new markets in other countries?
500
The Federal Reserve (The Fed)
What is central bank of the U.S.?
M
e
n
u