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13 Cards in this Set
- Front
- Back
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Prime rate |
The lowest rate at which money can be borrowed |
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LIBR - The London Interbank Offered Rate |
the average of interest rates estimated by each of the leading banks in London that it would be charged were it to borrow from other banks. |
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Capitalism |
Basedon supply and demand |
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Libertarianism |
Underlying system of capitalism - minimalgovernment |
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Socialism |
Callsfor ownership or public control of trans, energy, etc. through elections |
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Totalitarianism |
Governmentcontrols everything in the public interest |
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Communist |
Allassets are owned by the state |
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World Bank |
lenderto the poor, lends to emerging markets |
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International Monetary fund |
Shortterm loans for countries who economies are failing |
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ExIm bank |
Fundsexports |
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USAID |
USassociation for international deficiency - loans money to friendly emergingmarkets |
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OPIC |
overseasprivate investment corp - smaller version of exim bank - funds smallerinvestments in smaller markets |
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Quantity theory of money - |
thegdp of a country will be determined by how many times the money turns over- MV = PQ |
