The system of money in use in a country.

The amount by which expenses exceed revenues.

The value of share issued by a company or the value of ownership in an asset.

The act of trading one currency for another.

The wealth and resources of a country.

Money spent by the government or organization.

The management of money and investments.

A one-year period that companies and governments use for financial reporting and budgeting.

Investments that return a regular income, such as bonds.

GDP (Gross Domestic Product)

The total value of goods produced and services provided in a country.

A sum of money given by the government for a specific purpose.

Extremely rapid or out of control inflation.

The increase in prices and fall in the purchasing value of money.

The state of being unable to pay debts.

The proportion of a loan that is charged as interest.

Allocating resources (usually money) with the expectation of generating an income.

A commercial enterprise undertaken jointly by two or more parties.

The official power to make legal decisions and judgements.

A theory advocating for government intervention in the economy.

key performance indicator (KPI)

A measurable value that demonstrates how effectively a company or government is achieving objectives.

Borrowed money that is expected to be paid back with interest.

The ease with which assets can be converted into cash.

The branch of economics studying the behaviour of an economy as a whole.

Τhe rate at which total cost changes when output changes by one unit.

Every way and place by which buying and selling takes place.

The branch of economics studying the behaviour of individual economic units, such as households, firms, and markets, and how they make decisions

The process by which the government controls the money supply.

The total amount of money that a country’s government has borrowed.

The value of all assets minus liabilities.

A duty or committment, especially a financial one.

The transfer of ownership of property or business from the public sector to the private sector.

A course of action adopted and pursued by a government.

Debt owned by the government to creditors.

quantitative analysis

The use of mathematical and statistical methods to evaluate economic data.

Changes made to improve a system.

Income, particularly from taxes or other sources.

The identification and analysis of potential risks.

A grant or contribution of money.

An excess of revenue over expenditures.

A mandatory financial charge imposed by a government.

V.A.T - Value Added Tax

A tax on the value added to goods and services.

Financial Terms Flashcards (by ktagara) Flashcards

Student preview

55 questions

Show all answers

1.

FLASHCARD QUESTION

Front

accounting

Back

The process of recording financial transactions

2.

FLASHCARD QUESTION

Front

allocation

Back

The distribution of resources or funds for specific purposes.

3.

FLASHCARD QUESTION

Front

asset

Back

An item of value owned by a government.

4.

FLASHCARD QUESTION

Front

audit

Back

An official inspection of financial records.

5.

FLASHCARD QUESTION

Front

bond

Back

A debt security issued by a government or corporation.

6.

FLASHCARD QUESTION

Front

budget

Back

A plan for revenue and expenditures over a period.

7.

FLASHCARD QUESTION

Front

capital

Back

Financial assets or the value of assets.

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