Economic Terms

Economic Terms

Assessment

Flashcard

History

12th Grade

Hard

Created by

Salvador Loera

FREE Resource

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7 questions

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1.

FLASHCARD QUESTION

Front

Interest Rates

Back

The extra money you pay when you borrow money, or the extra money you earn when you save money in a bank. Usually shown as a percentage.

2.

FLASHCARD QUESTION

Front

Inflation

Back

When the prices of goods and services go up over time, making things more expensive than they used to be.

3.

FLASHCARD QUESTION

Front

Economy

Back

The system of how money, goods, and services are produced, bought, and sold in a country or region.

4.

FLASHCARD QUESTION

Front

Initiatives

Back

New plans or programs that are started to solve problems or improve situations.

5.

FLASHCARD QUESTION

Front

Recession

Back

A period when the economy slows down, businesses struggle, and many people lose their jobs.

6.

FLASHCARD QUESTION

Front

Pandemic

Back

A disease that spreads quickly across many countries around the world, affecting millions of people.

7.

FLASHCARD QUESTION

Front

Unemployment Rate

Back

The percentage of people who want to work but cannot find jobs.

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