Shared Flashcard Set

Details

Chapter 08
Breif Priniciples of Macroeconomics Vocabulary
13
Economics
Undergraduate 2
10/12/2013

Additional Economics Flashcards

 


 

Cards

Term
Financial System
Definition
The group of institutions in the economy that help to match one person's saving with another person's investment
Term
Financial Markets
Definition
Financial institutions through which savers can directly provide funds to borrowers
Term
Bond
Definition
A certificate of indebtedness
Term
Stock
Definition
A claim to partial ownership in a firm
Term
Financial Intermediaries
Definition
Financial institutions through which savers can indirectly provide funds to borrowers
Term
Mutual Fund
Definition
An institution that sells shares to the public and uses the proceeds to buy a portfolio of stocks and bonds
Term
National Saving (Saving)
Definition
The total income in the economy that remains after paying for consumption and government purchases
Term
Private Saving
Definition
The income that households have left after paying for taxes and consumption
Term
Public Saving
Definition
The tax revenue that the government has left after paying for its spending
Term
Budget Surplus
Definition
An excess of tax revenue over government spending
Term
Budget Deficit
Definition
A shortfall of tax revenue from government spending
Term
Market for Loanable Funds
Definition
The market in which those who want to save supply funds and those who want to borrow to invest demand funds
Term
Crowding Out
Definition
A decrease in investment that results from government borrowing
Supporting users have an ad free experience!