Help
Options
Term
Money
click to flip
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't know
Term
Barter
Remaining cards (34)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
ECO Topic 6 Vocab
ECO Topic 6 Vocabulary Lessons 1,4,5,6,7 Pearson Realize
| Term | Definition |
|---|---|
| Money | Anything that serves as a medium of exchange, a unit of account, and a store of value |
| Barter | The direct exchange of one set of goods or services for another |
| Commodity Money | Objects that have value in and of themselves and that are also use as money |
| Fiat Money | Objects that have value because the government has decreed that they are an acceptable means to pay debts |
| Money Supply | All the money available in the United States economy |
| Liquidity | The ability to be used as, or directly converted into, cash |
| Default | To fail to pay back a loan |
| Mortgage | A specific type of loan that is used to buy real estate |
| Credit Card | A card entitling its owner to buy goods and services based on the owner's promise to pay for those goods and services |
| Interest | The price paid for the use of borrowed money |
| Principle | The amount of money borrowed |
| Debit Card | A cared used to withdraw money from a bank account |
| Creditor | A person or institution to who money is owed |
| Investment | The act of redirecting resources from being consumed today so that it may create benefits in the future |
| Financial Asset | A claim on the property or income of a borrower |
| Mutual Fund | An organization that pools the savings of many individuals and invests this money in a variety of stocks, bonds, and other financial assets |
| Diversification | The strategy of spreading out investments to reduce risk |
| Portfolio | A collection of financial assets |
| Return | The money an investor receives about and beyond the sum of money initially invested |
| Coupon Rate | The interest rate that a bond issuer will pay to the bondholder |
| Maturity | The time at which payment to a bondholder is due |
| Yield | The annual rate of return on a bond if the bond is held to maturity |
| Savings Bond | A low-denomination bond issued by the United States government |
| Municipal Bond | A bond issued by a state or local government or a municipality to finance a public project |
| Junk bond | A bond with high risk and potentially high yield |
| Capital Market | A market in which money is lent for periods longer than a year |
| Money Market | A market in which money is lent for period of one year of less |
| Share | A portion of stock |
| Capital Gain | The difference between the selling price and purchase price that results in a financial gain for the seller |
| Capital Loss | The difference between the selling price and purchase price that results in a financial loss for the seller |
| Stockbroker | A person who links buyers and sellers of stock |
| Brokerage Firm | A business that specializes in trading stocks |
| Stock Exchange | A market for buying and selling stock |
| Bull Market | A steady rise in the stock market over a period of time |
| Bear Market | A steady drop or stagnation in the stock market over a period of time |
Created by:
cwarsing
Popular Economics sets