Market value of all the final goods and services produced in a nation within a given time period
What is GDP
100
contract issued by a corporation promising to repay borrowed money plus interest on a fixed schedule.
What is bond?
100
1.Many buyers and sellers
2.standardized product
3.free entry/exist to market place
4.independent buyers and sellers
5.well informed buyers and sellers
What are the characteristics of perfect competition
100
Claim of the borrower's property.
What is financial asset?
100
means through which goods and services can be exchanged.
What is medium of exchange?
200
Goods/ services made in the USA, but sold in other countries.
What is Net Export
200
The interest rate a bond holder receives every year until maturity.
What is coupon rate?
200
1.Many sellers and many buyers
2.Similar, but differentiated buyers
3.limited control of prices
4.freedom to enter or exist the market
What are the characteristics of monopolistic competition?
200
Institution that collects funds from savers and invests them.
What is Financial Intermediary?
200
determine the economic worth in the exchange process.