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Unit 06 (5a-7a)

White 08 - Unit 6 (5a-7a)

QuestionAnswer
Private financial institutions include - Banks and Credit Unions
(TRUE/FALSE) Private financial institutions bring together savers and borrowers. TRUE
Private financial institutions - Receive deposits and make loans
How do private financial institutions encourage saving and investing? Paying interest on deposits
What do private financial institutions provide to people/businesses to start or grow businesses? Financial Capital (Money)
What are worldwide markets where all nations buy and sell goods and services? Global Economy
To increase wealth and create jobs are - Reasons we sell products to other countries
To get products at lower prices or products we cannot produce are - Reasons we buy products from other countries
Why do businesses specialize in producing certain goods and services? To promote efficiency and growth
Innovations in technology like __________ contributes to the global flow of information, capital, goods, and services. The Internet
The use of new technology - Lowers the cost of production
Created by: Warren_Fisher
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