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