WorksheetsEcon Vocab #4
Total questions: 15
Worksheet time: 3mins
Total value of goods and services.
Gross Domestic Product (GDP)
Automated Teller Machine
Current value in terms of money.
Real Price
Nominal Price
Current value in terms of some other good or service.
Real Price
Nominal Price
Goods produced in another country and sold here.
Exports
Imports
Goods produced in this country and sold abroad.
Exports
Imports
Local regulations governing how property can be used.
Debit Card
Zoning Law
The state of being responsible for something.
Liability
Gold Standard
An entity formed for the purpose of carrying on commercial enterprise.
Business License
Business Organization
Unincorporated business owned by one individual.
Sole Proprietorship
State Bank
Permits issued by government agencies that allow individuals or companies to conduct business.
Business Organization
Business License
Assets that can be quickly converted to cash.
Near Money
Gold Standard
Financial institution charted by the state.
National Bank
State Bank
Value of currency defined by gold.
Gold Standard
Silver Standard
A card issued by a bank allowing the holder to transfer money electronically.
Credit Card
Debit Card
A machine that dispenses cash or performs other banking services.
Automated Teller Machine (ATM)
CNC Lathe Machine
