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19 Cards in this Set
- Front
- Back
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Debit Card |
Looks like a credit card serves the same purpose as writing a check |
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Commercial Bank |
Is a corporate financial institution whose function is to receive deposits of money, extend credit and give loans |
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Standard of living |
Is the level of economic prosperity or poverty at which people live |
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Anti-Trust law |
Prohibits monopolies |
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Check |
Is a written authorization to allow the transfer of funds from one checking account to another |
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Currency |
Is money in form of coins, notes and paper money |
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Pension |
Fund is money for a persons retirement |
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Lockout |
Is when employers prevent striking workers from coming back to the job |
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Coins |
are a medium of exchange made from metal |
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Deregulation |
Is when the government relaxes it's control of industries |
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Legal Tender |
Is money that officially recognized |
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Credit Card |
Is used by consumers to defer a payment on goods by borrowing from lender. The loan is repaid with interest |
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Barter |
Is to trade for goods |
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Union |
Is a group of workers in same industry who band together to change their working enviornment |
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Strike |
Is when workers refuse to work until owner meet their demand |
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Per Capita GDP |
Is a calculation of the number of good produced per person |
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Savings and Loans |
Is a saving institution designed to aid homebuilding by offering loans |
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Gross Domestic Product |
Is the total value of all final goods and services produced in an economy |
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Mutual Fund |
Is an investment which pools money from many investors but to a limited range of stock |
