Currency

Financial Terms Flashcards

Flashcard
•
Business
•
11th Grade
•
Hard
Essa AL Rahimi
Used 1+ times
FREE Resource
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25 questions
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1.
FLASHCARD QUESTION
Front
Back
bills and coins circulating in the economy
2.
FLASHCARD QUESTION
Front
Money Supply
Back
the total amount of money in the economy
3.
FLASHCARD QUESTION
Front
Purchasing Power
Back
the value of a unit of money in terms of what it can buy
4.
FLASHCARD QUESTION
Front
Asset
Back
anything owned to which a market value can be assigned
5.
FLASHCARD QUESTION
Front
Liquid Assets
Back
items of value that can be used as cash or easily converted into cash
6.
FLASHCARD QUESTION
Front
Bank
Back
a business whose main purpose is to receive deposits and make loans
7.
FLASHCARD QUESTION
Front
Loan
Back
a transaction in which a lender gives money to a borrower, who agrees to repay the money at some point in the future
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