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IFS Unit 3 Topic 3 Flashcards | StudBud

Explore/IFS Unit 3 Topic 3

IFS Unit 3 Topic 3

8 terms·StudBud Administration·97 plays

IFS Unit 3

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Questions 8

Answers

1
Lack of access to the internet
causes digital divide
is part of demographics
is part of the grey culture
2
Equity is
Social equality
The difference between the price of a house and the mortgage
Another name for shares
3
Financial literacy
Ensuring everybody has access to certain rights
An individual's knowledge of financial matters
Ability to get access to basic financial products
4
The increase in the value of goods and services produced by an economy over time is
Government spending
Consumer demand
Economic growth
5
Equity loan is
An ethical loan
A loan secured through shares
A loan secured on a mortgaged property
6
How the government spends the money it raises through taxes is
Financial policy
Monetary policy
Fiscal policy
7
The sub-prime market is
Lending by smaller banks
Lending to consumers with poor credit history
Mortgage lending in developed countries
8
What is corporate demand?
The amount the government spends
The amount businesses spend
The amount the whole country spends