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35 Cards in this Set
- Front
- Back
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Study of how individuals, institutions, government acquire, spent money and other financial assets |
Finance |
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Areas of finance |
Investments Financial institution Public finance Corporate finance Personal financere |
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Refers if the commitment of funds to one or more assets |
Investments |
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Organizations like banks, insurance, investment companies are electronic forums |
Financial institution |
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Deals with taxation, bond issues, budgeting asset management and financial planning government |
Public finance |
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Deals with the acquisition of cash and the efficient allocation of that cash within the corporation |
Corporate finance |
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Deal with the proper management of an individual money to achieve personal economic satisfaction |
Personal finance |
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2 major parts of finance |
Public and private |
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Under public |
Government institution |
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Under private |
Business finance |
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Anything use to make payment for goods |
Money |
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Function of money |
Serves as a medium of exchange To carry on trade |
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Kinds of money |
Commodity money Credit money Fiat money Electronic money |
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Like golds and silvers |
Commodity money |
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Like golds and silvers |
Commodity money |
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Backed up by promise to pau |
Credit money |
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Like golds and silvers |
Commodity money |
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Backed up by promise to pau |
Credit money |
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Refer to paper currency as illegal tender but not convertible into coins |
Fiat money |
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Like golds and silvers |
Commodity money |
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Backed up by promise to pau |
Credit money |
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Refer to paper currency as illegal tender but not convertible into coins |
Fiat money |
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Stored electronically |
Electronic money |
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Like golds and silvers |
Commodity money |
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Backed up by promise to pau |
Credit money |
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Refer to paper currency as illegal tender but not convertible into coins |
Fiat money |
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Stored electronically |
Electronic money |
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Forms of e money |
Debit cards Stored value cards Electronic cash Electronic checks |
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Used to transfer fund from the bank account of buyer to the bank account |
Debit cards |
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Used to transfer fund from the bank account of buyer to the bank account |
Debit cards |
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One that contains a fixed amount of digital cash |
Stored value cards |
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Form of e money that used to buy products through the internet |
Electronic cash |
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Form of e money that used to buy products through the internet |
Electronic cash |
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Form of e money used by those who make transactions through internet |
Electronic checks |
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General statement that describes the causes of changes in financial variables |
Monetary theory |
