Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Don't know
remaining cards
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards
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

Financial System

Ch 1 Money and Banking

Five core principles Time, Risk, Information, Markets, and Stability
Time Time has value
Risk Risk requires compensation
Information Information is the basis for decisions
Markets Markets determine prices and allocate resources
Stability Stability improves welfare
Six parts of the financial system money, financial instruments, financial markets, financial institutions, government regulatory agencies, and central banks
Money used to pay for purchases and to store wealth
Financial instruments used to transfer resources and risk
Financial markets allow people to buy and sell financial instruments
Financial institutions provide access to the financial markets, collect information, and provide a variety of other services
Government regulatory agencies aim to make the financial system operate safely and reliably
Central banks stabilize the economy
Gross Domestic Product the market value of final goods and services produced in a country during a year
Real GDP separates changes in quantities from changes in the prices-uses a base-year price
Nominal GDP GDP measured at current dollar prices
GDP deflator Nominal GDP/Real GDP
Created by: sam6204