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18 Cards in this Set
- Front
- Back
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the absence of spending
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saving
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the dollars that become available when people abstain from consumption
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savings
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a network of savers, investors, and financial institutions that work together and transfer savings to investors
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financial system
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claims on property and the income of the borrower
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financial asset
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financial institutions that lend the funds that savers provide to borrowers
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financial intermediary
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nondepository institutions that channel savings to borrowers
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nonbank financial intermediary
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examples of financial intermediary
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life insurance companies, depository
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examples of nonbank intermediary
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real estate investments, finance companies
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the outcome is not certain but probabilities can be estimated
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risk
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amount borrowed when getting a loan or issuing a bond
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principal
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formal contract to repay borrowed money and interest on the borrowed money at regular future intervals
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bonds
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loans investors make to financial institutions
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certificate of deposits
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the distribution of money amoung investors
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diversification
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the person that buys stocks and shares
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stocbroker
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statistical series of 30 representaive stocks used to monitor price changes on the New York Stock Exchange
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Dow-Jones Industrial Average
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statistical series of 500 stocks used to monitor prices on the NYSE, American Stock Exchange, and OTC market
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Standard & Poors 500
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system with some government involvement
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modified free enterprise conomy
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conversion of state-owned factories
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privatization
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