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T-Grimes USHS2 Voc 2
T-Grimes USH S2 Exam Vocab 2
Term | Definition |
---|---|
Unemployment Rate | a measurement of unemployment calculated as percentages where you divide individuals employed by individuals who are unemployed |
Repossessed | banks take ownership for lack of payment |
Drought | an unusually long period without rain |
Gold Standard | a monetary system where gold is the measurement of paper currency |
Stock Exchange | a market where securities are bought and sold |
On Margin | borrowed money used to purchase stocks |
Overdrawn | withdrawing money in excess of what is available |
Depression | a long and severe depression or downturn in the economy |
Recurring Deposits | money deposits made on a regular basis that earn higher interest |
Interest Rate | a percentage charged over the life of a loan |
Overdraft | more money withdrawn than available |
Loans | a bank pays out a lump sum of money that is paid back overtime |
Savings | money placed in a bank not for immediate use |
Risky Loans | loans that are unsecure, and have a higher interest rate |