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27 Cards in this Set
- Front
- Back
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Bond |
A certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money |
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Certificate of Deposit (CD) |
A debt instrument used by a bank pays an annual percentage rate to the bearer. Withdrawal date is determined by the term agreed upon the deposit |
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Broker |
A licensed professional who may buy or sell investment products |
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Compound Interest |
A percentage calculated on both the principle and the accrued interest |
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Interest |
A percentage of the principle amount of money borrowed |
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401k, Traditional IRA (Individual Retirement Aid), Roth IRA |
A self funded retirement plan that allows you to contribute a limited yearly sum toward your retirement |
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Capital Gains |
A tax assessed on the money you make from investments |
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Stock |
The capital raised by a corporation through the issue of shares entitling holders to an ownership interest (enquity) |
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SEC (Securities & Exchange Commission) |
The Federal Agency responsible for monitoring the financial markets |
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Principal |
The original amount of money invested or borrowed |
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Microeconomics |
Study of the operations of the components of a national economy, such as individual firms, households, and customers |
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Macroeconomics |
Study of the overall aspects and workings of a national economy, such as income, output, and the interrelationships among diverse economic sectors |
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Waste |
To use to no purpose or discard as no longer useful |
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Want |
Goods or services that satisfies our desires |
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Trade-off |
Alternative over another |
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Time |
A continuum in which events occur in apparently irreversible succesion |
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Technology |
The application of scientific methods and innovations to production |
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Scarcity |
Lack of enough resources to meet human needs & wants -Time -Money -Space |
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Quality |
A distinguishing characteristic -Durability -Affordability -Desirability |
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Productivity |
The ratio output to input in production |
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Opportunity Cost |
The value of something that is given up by choosing one alternative (trade-off) over another |
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Need |
Goods or services that are necessary for survival |
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Economics |
The study of how people use scarce resources to satisfy needs/wants |
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Cost-benefits Analysis |
The practice of examining the costs & the expected benefits of a choice as an aid to decision making |
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Cost |
The expenditure of money, time & labor, necessary for the attainment of a goal, good or service |
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Consumer |
A person who buys goods and services for personal use |
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Alternatives |
A choice of one limited to two or more possibilities |
