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10 Cards in this Set
- Front
- Back
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Saving |
The absence of spending |
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Savings |
The dollars that become available when people abstain from consumption |
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Financial system |
A network of savers investors and financial institutions that work together to transfer savings to investors |
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Certificate of deposit |
A receipt showing that an investor has made an interest-bearing loan to a bank |
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Financial assets |
Climbs on the property and the income of the borrower |
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Financial intermediaries |
Financial institutions that lend the funds that savers provide to borrowers |
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Finance company |
A firm that specializes in making loans directly to consumers and in buying installment contract from merchants who sell good on credit |
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Bill consolidation loans |
A loan consumers use to pay off other bills |
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Premium |
The price the insured pays for this policy and is usually paid monthly, quarterly, or annually for the length of the protection |
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Mutual fund |
A company that sells stock in itself to individual investors and then invests the money it receives in stocks and bonds issued by other corporations |
