What is Money
This word's definition is to be made of a reliable and strong material
What is durable?
an economic concept that relates to a consumer's desire to purchase goods and services and willingness to pay a specific price for them.
What is Demand?
This is a part ownership of a company
What is a stock?
This purpose of money allows for the paycheck you receive to be spent at any time because the 20 dollars you earn will always stay the same value
What is store of value?
This mean a country buy a good from another country
What are imports
This word definition is to be easy to carry and store for long periods of time
What is portable?
A source of supply or support
This is a fund that invest in mutple stocks and bond to diversify the portfolio
What is a mutual fund?
This purpose of money is the reason why items in a store are priced in dollars
What is unit of account?
This means a country sells a good to another country
What is an export?
This word's definition is be able to divide into smaller amounts
What is divisible?
a general upward movement of prices for goods and services
What is inflation?
This is a loan which a government or company will give you back in a certain amount of years
What is a bond?
This purpose of money allows us to buy and sell things
What is the medium of exchange?
This resource is both an import and an export for the United States
What is Oil?
This word's definition means to all look the same
What is Uniform/Uniformity?
The name for when the demand for a product does not equal the supply
What is a shortage?
This is the name for when investors feel positive and stock price increase and this the name for when investor feel negative and stock prices go
What is a Bull and Bear Market
In our example about the characteristics of money, what object did Mr Ohlmann compare a dollar to?
What is a cow?
This is what the acronym GDP stands for
What is Gross Domestic Product?
This words definition is to be valuable and limited
What is limited supply?
The name for when the supply is more than the demand for a product
What is a surplus?
These are the four main factors that cause stock prices to rise and fall
Company performance
Economic conditions
Market sentiment
News/events
This word's definition to be widely accepted as a form of payment
What is accepted/acceptibility?
Name one import and one export of the United States( Oil will not count again)
Imports:vehicles, oil, fruit, vegetables, consumer goods,
Exports oil, vehicles, movies, music, TV, technology, social media, meat, fruit, vegetables,