Vocab set 1 for modules 22-26
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | the price, calculated as a percentage of the amount borrowed, charged by lenders to borrowers for the use of their savings for one year
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| savings-investment spending identity | show 🗑
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| budget surplus | show 🗑
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| budget deficit | show 🗑
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| show | the difference between tax revenue and government spending
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| National savings | show 🗑
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| Capital Inflow | show 🗑
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| wealth | show 🗑
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| show | a paper claim that entitles the buyer to future income from the seller
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| show | a claim on a tangible object that gives the owner the right to dispose of the object as he or she wishes
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| liability | show 🗑
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| show | the expenses of negotiating and executing a deal
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| show | uncertainty about future outcomes that involve financial losses and gains
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| show | investment in several different assets with unrelated, or independent, risks, so that the possible losses are independent events
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| show | describes an asset that can be quickly converted into cash without much loss of value
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| show | describes an asset that cannot be quickly converted into cash without much loss of value
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| Loan | show 🗑
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| show | when a borrower fails to make payments as specified by the bond contract
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| show | assets created by pooling individual loans and selling shares in that pool
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| financial intermediary | show 🗑
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| show | a financial intermediary that creates a stock portfolio by buying and holding shares in companies and then selling shares of this portfolio to individual investors
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| show | a type of mutual fund that holds assets in order to provide retirement income to its members
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| life insurance policy | show 🗑
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| show | a claim on a bank that obliges the bank to give the depositor his or her cash when demanded
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| bank | show 🗑
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| show | any asset that can easily be used to purchase goods and services
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| currency in circulation | show 🗑
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| show | bank accounts on which people can write checks
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| show | the total value of financial assets in the economy that are considered money
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| medium of exchange | show 🗑
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| show | an asset that is a means of holding purchasing power over time
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| unit of account | show 🗑
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| commodity money | show 🗑
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| show | a medium of exchange that has no intrinsic value whose ultimate value is guaranteed by a promise that it can be converted into valuable goods on demand
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| Fiat money | show 🗑
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| monetary aggregate | show 🗑
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| show | a financial asset that can't be directly used as a medium of exchange but can be readily converted into cash or checkable bank deposits
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| present value | show 🗑
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| show | the present value of current and future benefits minus the present value of current and future costs
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| show | currency held by banks in their vaults plus their deposits at the Federal Reserve
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| T-account | show 🗑
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| reserve ratio | show 🗑
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| required reserve ratio | show 🗑
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| show | a phenomenon in which many of a bank's depositors try to withdraw their funds due to fears of a bank failure
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| Deposit insurance | show 🗑
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| show | rules set by the Federal Reserve that set the minimum reserve ratio for banks
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| show | an arrangement in which the Federal Reserve stands ready to lend money to banks
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| show | a bank's reserves over and above the reserves required by law or regulation
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| show | the sum of currency in circulation and bank reserves
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| money multiplier | show 🗑
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| central bank | show 🗑
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| show | a bank that accepts deposits and is covered by deposit insurance
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| show | a bank that trades in financial assets and is not covered by deposit insurance
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| show | deposit-taking banks, usually specialized in issuing home loans
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| leverage | show 🗑
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| show | the reduction in a firm's net worth from falling asset prices
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| vicious cycle of deleveraging | show 🗑
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| Subprime lending | show 🗑
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| show | the pooling of loans and mortgages made by a financial institution and the sale of shares in such a pool to other investors
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
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