Flashcards
chapter 26 vocab
Cards in this deck (13)
- 1Financial systemthe group of institutions in the economy that help to match one person's saving with another person's investment.
- 2Financial marketsFinancial institutions through which savers can directly provide funds to borrowers
- 3bonda certificate of indebtedness
- 4stocka claim to partial ownership in a firm
- 5financial intermediariesfinancial institutions through which savers can indirectly provide funds to borrowers
- 6mutual fundan institution that sells shares to the public and uses the proceeds to buy a portfolio of stocks and bonds
- 7national saving (saving)the total income in the economy that remains after paying for consumption and government purchases
- 8private savingthe income that households have left after paying for taxes and consumption
- 9public savingthe tax revenue that the government has left after paying for its spending
- 10budget surplusan excess of tax revenue after government spending
- 11budget deficita shortfall of tax revenue from government spending
- 12market for loanable fundsthe market in which those who want to save supply funds and those who want to borrow to invest demand funds
- 13crowding outa decrease in investment that results from government borrowing
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- economics Flashcards on chapter 26 vocab, created by cranieri on 02/10/2013.
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- cranieri
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