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27 Cards in this Set
- Front
- Back
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Banknote |
paper money |
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Base metal |
a non-precious metal like copper or nickle |
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Bear market |
a market that hibernates |
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Business cycle |
boom/bust cycle |
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Capital gains |
profits from a sold asset |
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clad |
means to have layers in coins |
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Capitalism |
private ownership |
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clipping |
trimming the edges |
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coin |
a wafer or disc of precious metal |
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command economy |
an economy ran by a central government |
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Consumer price index |
average price of consumer goods in one year |
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counterfeiting |
fake money |
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creditor |
a lender of money |
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debasing |
reducing the value of a coin |
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debtor |
borrower |
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demand |
the amount of goods wanted |
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depression |
the correction period following inflation, usually a lot of business fail |
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dividends |
profits divided among stockholders (share holders) |
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dollar |
represents one ounce ingot of silver |
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Double-digit inflation |
inflation of 10% to 99 % |
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Dow Jones Industrial Index |
index that measures industrial stocks |
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entrepeneur |
person who organizes and creates his own business |
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equilibrium |
coming out equal |
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Federal deficit |
spending exceeding income in a year |
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Federal debt |
cumulative amount of Federal government debts |
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Federal Reserve Bank |
central bank of the the U.S. |
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Fiat money |
legal tender money |
