Econ Vocab #5

The trade in short-term loans between banks and other financial institutions.

• Openly

• Money Market

A check that cannot be processed because the account holder has nonsufficient funds (NSF) available for use.

• Bounced Checks

• Critique

An evaluation of the financial health and resilience of a bank.

• Bank Exam

• Semester Exam

A company that pools money from many investors and invests the money in securities such as stocks, bonds, and short-term debt.

• Obviously

• Mutual Fund

An intermediary instrument or system used to facilitate the sale, purchase, or trade of goods between parties.

• Thinker

• Medium of Exchange

A business entity that is owned by its shareholder(s), who elect a board of directors to oversee the organization's activities.

• Corporation

• Seafood

The interest rate that commercial banks charge their most creditworthy customers.

• Prime Rate

• Room

Payment other than wages or salaries.

• Interface

• Fringe Benefit

A fixed-income instrument that represents a loan made by an investor to a borrower

• Bond

• Complex

The distribution of a company's earnings to its shareholders and is determined by the company's board of directors.

• Earwax

• Dividend