B&F Principle Unit 2 Word Scramble
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Term | Definition |
Asset | Anything of value |
Equity | The difference between what an item is worth and what is owed on it |
Liability | To banks, deposits represent this type obligation |
Liquid Asset | Anything of value that can be readily exchanged |
Net Income | The income that is left over after adding total revenue and gains and subtracting all expenses and losses for the reporting period |
Niche Market | A targeted smaller group of customers |
Profit | Revenue minus cost |
Return on Assets | The ratio of net income to total assets |
Return on Equity | Measures how well a bank is using its equity |
Revenue | Income that a company receives from its normal business activities |
Spread | The difference between interest paid and interest received |
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