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21 Cards in this Set
- Front
- Back
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Financial System
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group of institutions that helps match the saving of one person with the investment of another.
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2 Financial Systems
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Financial Markets
Financial Intermediaries |
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Financial Markets
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institutions through which savers can directly provide funds to borrowers.
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2 Financial Markets
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Bonds(Debt Finance)
Stocks(Equity Finance) |
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Financial Intermeidiaries
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institutions through which savers can indirectly provide funds to borrowers.
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2 Financial Intermeidiaries
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Banks
Mutual Funds |
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Private Savings
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Y-T-C
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Public Savings
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T-G
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National Savings
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Public+Private
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Budget Deficit
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T-G is negative
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Budget Surplus
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T-G is positive
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Investments
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Equal to National Savings
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Private Savings Def.
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income remaining after households pay T & C
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Investment Def.
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the purchase of new capital
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Crowding Out
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The Government Borrows to finance it's deficit...leading to less domestic investment...not a problem in an open economy becuase government can increase foriegn investment and cause demand to shift to the right and increase demand for Loanable Funds
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German Unemployment
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Social Spending has almost reached 30% of GDP
Unemployment almost 11% Europe could afford to be generous in the 60's and 70's but now there are too many people to take care of Europeans have increased apetites for state help State assistance Dwindling |
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Adult Male Joblessness
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Men fully capable of work but dont is nearly 8%
more jobless me who spend much of their time doing leisure activities and home improvement |
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Should You join a Union?
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joining a union is much better than not
Union payed about 20% more benefits are worth much more |
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Credit Cards, Debit Cards, and Money
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Credit cards are not included in the money supply..
They are a method of deffering payment..debit cards are much like a check and are included in the money supply...Credit card holders usually carry less money on them...Can pay all payments at once...checking account is part of money supply...much different than debit cards...becoming more popular |
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Too Much Productivity
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When a company or an industry figures out how to make more with fewer workers and fires some of them, the laid-off workers suffer. Some find good jobs; many don't. Productivity growth isn't painless for everyone, but the benefits to society and to the generations that follow are huge. Slower productivity growth hurts more.
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French Riots
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Youth unemployment rates are high in frace...especially for the muslims nearly 40-50...they are being discriminated against and certain laws prevent companies from hiring them...marganalisation...local riots have sprung becuase of the unemployment problems
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