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section 2
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9
Driving Skills
Undergraduate 3
04/11/2012

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Cards

Term
Investment
Definition
exchange money for something of value with the expectation of earning a profit on it in the future.
Term
Budget
Definition
financial planning begins with a spending and saving plan.
Term
fixed expenses
Definition
payments that remain constant from month to month, such as payments for a mortgage and insurance premiums.
Term
flexible expenses
Definition
month to month change in prices.
Term
diversification
Definition
person chooses a variety of investments.
Term
real investment
Definition
when investors use money to create a new capital good.
Term
capital accumulation
Definition
the expansion of the capital goods existing in an economy
Term
infrastructure
Definition
transportation systems including roads, bridges, harbors, and airports and public facilities such as schools and universities.
Term
venture capital
Definition
money invested in entrepreneurial enterprises.
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