Financial System Word Scramble
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| Question | Answer |
| 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
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