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TOG Y4 W11 Terms

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
Bank account   money deposited in a bank by a person that can be withdrawn by that person, Borrow  
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Debt   something owed, such as money, goods, or services, by a debtor to a creditor  
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Finances   things relating to money or resources, or relating to the financial situation of a person, institution, or nation  
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Goods   property, usually property that is moveable and exchangeable; possessions  
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Insure   to make a person or institution safe from losses by paying money to an insurance company  
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Panic   1) a fear that spreads quickly through a group of people, causing the group to lose control; 2) alarm about specifically financial or commercial concerns that causes people to make unwise financial gestures in efforts to avoid losses  
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Stock   shares of a company sold to investors, entitling the stockholder to a share of the profits and other privileges  
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Unemployed   not having a job  
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Bull market   a stock market that is generally rising  
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Capitalism   an economic and political system characterized by a free market for goods and services and private control of production and consumption; theoretically based on autonomous individuals seeking their own wealth free from governmental control or interference  
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Deflation   a decrease in the money supply, resulting in a fall in the level of prices. It is the opposite of inflation  
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Evict   to drive out by law from a house or other building  
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Hooverville   a group of makeshift houses and tents in which the unemployed would cluster during the Great Depression, named after President Herbert Hoover  
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Legislation   1) the creation or enforcement of laws; 2) a law or a group of laws  
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Middle class   the class of people in society between the wealthy and the poor, which usually includes businessmen, professional peoples, and skilled workers  
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Mortgage   a temporary, conditional pledge of property to a creditor as assurance for the repayment of a debt. If the loan is not repaid, the mortgage enables the creditor (bank, etc. ) to claim the property (usually a house or land)  
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Urban   relating to cities and towns  
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Created by: jamallwh
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