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Fundamentals of Economics
Economics and Global Economy
Banking
Consumer Credit
Misc.
100
The exchange of products without the use of money.
What is bartering
100
The economic advantage a country has when it can produce more of a product than any other country.
What is absolute advantage
100
A cash card that allows one to withdraw money or pay for purchases with a checking or savings account.
What is debit card
100
A legal process in which some or all of the assets of a debtor are distributed among creditors because the debtor is unable to pay his or her debts.
What is bankruptcy
100
the government has deemed it to be money or legal tender.
What is Fiat money
200
The manufactured goods used to produce other goods and services.
What is capital
200
A financial situation that occurs when more money is spent than is received.
What is budget deficit
200
An automatic deposit of net pay to an employee's designated bank account.
What is direct deposit
200
A form of security that helps guarantee that the creditor will be repaid.
What is collateral
200
natural resources that exist and were not created by people
What is land
300
The amount consumers are willing and able to buy at a certain price.
What is demand
300
The exclusive right granted to an author.
What is copyright
300
Signature of the payee.
What is endorsement
300
Use of credit for personal needs.
What is consumer credit
300
What is given up to get something else?
What is opportunity cost
400
The study of the decisions that go into making, distributing, and using goods and services.
What is economics
400
A decline in the level of prices for goods and services over time.
What is deflation
400
An automatic loan made to an account if the balance will not cover checks written.
What is overdraft protection
400
Agreeing to take responsibility for loan payments if the other person fails to make then.
What is cosigning
400
a report that accounts for the differences between the bank statement and a checkbook balance.
What is bank reconciliation
500
The ability of individuals to start new businesses, introduce new products, and improve business processes.
What is entrepreneurship
500
A restriction on imports and exports to and from a country.
What is embargo
500
A request made to a bank or other financial institution to not cash a particular check.
What is stop-payment order
500
A measure of a person's ability and willingness to make credit payments on time.
What is credit rating
500
an entity that lends money
What is creditor