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Econ Unit 4 Vocab

Authored by Getsemani Cortez

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12th Grade

Used 1+ times

Econ Unit 4 Vocab
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10 questions

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1.

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15 mins • 1 pt

Currency or assets used as a medium of exchange, generally in the form of coins and banknotes.

2.

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15 mins • 1 pt

The business conducted or services offered by banks, including accepting deposits, lending money, and providing investment services.

3.

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15 mins • 1 pt

The management of money and other assets, including investing, borrowing, budgeting, saving, and forecasting financial

4.

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15 mins • 1 pt

The cost of borrowing money or the compensation received for lending money, typically expressed as a percentage of the principal amount.

5.

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15 mins • 1 pt

The ability to borrow money or access goods or services with the understanding that payment will be made at a later date.

6.

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15 mins • 1 pt

The act of putting money into financial schemes, shares, property, or a commercial venture with the expectation of achieving a profit.

7.

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15 mins • 1 pt

Items of economic value owned by an individual or organization, which can be converted into cash.

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