Modules 22 - 23

The price, calculated as a percentage of the amount borrowed, charged by lenders to borrowers for the use of their savings for one year.

An accounting fact that states that savings and investment spending are always equal for the economy as a whole.

The difference between tax revenue and government spending.

The difference between tax revenue and government spending when tax revenue exceeds government spending.

The difference between tax revenue and government spending when government spending exceeds tax revenue.

The sum of private savings and the budget balance; the total amount of savings generated within the economy.

The total inflow of foreign funds minus the total outflow of domestic funds to other countries.

The value of a household's accumulated savings.

A paper claim that entitles the buyer to future income from the seller.

A claim on a tangible object that gives the owner the right to dispose of the object as he or she wishes.