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20 Cards in this Set

  • Front
  • Back
spendable assest such as a checking deposit
medium of exchange
a shortfall of tax revenue relative to government spending causing public saving to be negative
budget deficit
an economy with no international transactions
closed econmy
financial institutions through hich savers can indirectly lend to borrowers
financial intermediaries
the group of institutions in the economy that help match borrowers and lenders
financial system
the amount of borrowing for investment desired at each real interest rate
demand for loanable funds
the income that remains after consumption expenditures and taxes
private savings
the accumulation of past budget deficits
government debt
the amount of saving made available for lending at each real interest rate
supply of loanable funds
institution that collects deposits and makes loans
bank
instituion that sells shares and uses the proceeds to buy a diversified portfolio
mutual fund
finanacial institutions through which savers can directly lend to borrowers
financial markets
certificate of ownership of a small portion of a large firm
stock
an excess of tax revenue over government
budget surplus
the income that remains after consumption
national saving
the income that remains after consumptionexpenditures and government purchases
crowding out
a decrease in investment as a result of government borrowing
investment
certificate of indebtedness or IOU
bond
the market in which those who want to save supply funds and those who want to borrow to invest demand funds
market for loanable funds
the tax revenue that the government has left after paying for its spending
public saving