Economics Chapter 6

What is one advantages of consumer credit?

What is the final value of all goods and services produced in the country in one year

US treasury issues certificates which are a debts of the federal government

is interest calculated on the sum of savings plus the accumulated interest

These are all places people put savings except

What is not an advantage of credit?

this is earnings paid by the hour or unit of production

refers to the percentage of interest or the amount of dividends paid on savings or investment

What are the two sources of income?

factors that influence wealth accumulation

Is the payment for the use of someone else's property

payment of taxes on interest after the interest is earned often in retirement

What is the value of the things you own?

key factors to consider before saving and investing

a promise to repay borrowed money to a lender at a fixed rate of interest at a specific time

Profits distributed to stockholders

Before you can prepare a budget you need to determine?

a share of ownership in a corporation

the potential decrease in the value of a stock in a stock market

refers to the ease with which any asset such as savings or stock can be converted to cash

money you take home after taxes have been paid

is income earned from allowing someone else to use your financial capital

refers to an individuals wealth after debts and other obligations have been subtracted

a general rise in overall prices, causing the purchasing power of your money to decrease

is a receipt issued for depositing money for a specific period of time and fixed interest rate