Money and Banking, Financial Markets, and GDP

a paper currency issued during the Civil War

a collection of financial assets

a bond’s stated value, to be paid to the bondholder at maturity

aset of key economic variables that economists use to predict future trends in a business cycle

a card used to withdraw money from a bank account

the total amount of goods and services in the economy available at all possible price levels

a bond that protects the investor against inflation by its linkage to an index of inflation

the money an investor receives above and beyond the sum of money initially invested

a period of economic decline marked by falling real GDP

a widespread panic in which many people try to redeem their paper money at the same

something that keeps its value if it is stored rather than spent

an organization that employs risky strategies that often made huge profits for investors

real GDP divided by the total population of a country

an increase in efficiency gained by producing more output without using more inputs

the price paid for the use of borrowed money

a steady drop or stagnation in the stock market over a period of time

products used in the production of final goods

income not used for consumption

GDP measured in current prices

the proportion of disposable income that is saved

a specific type of loan that is used to buy real estate

objects that have value/ government has decreed that they are an acceptable means to pay debts

a steady, long-term increase in real GDP

a period of economic growth as measured by a rise in real GDP

GDP expressed in constant, or unchanging, prices

a bank chartered by the federal government

a system economists use to collect/organize macroeconomic statistics

the ability to be used as, or directly converted into, cash

the process of increasing the amount of capital per worker

a contract for selling stock at a particular price until a specified future date

coined money, usually gold or silver, used to back paper money

a bank that belongs to the Federal Reserve System

the direct exchange of one set of goods or services for another

the $ value of all final goods and services produced within a country’s borders in a given year

a business that specializes in trading stocks

a means for comparing the values of goods and services

a market for selling financial assets that can be redeemed only by the original holder

objects that have value in and of themselves and that are also used as money

failing to pay back a loan

a market for buying and selling stock

money in a checking account that can be paid out “on demand,” or at any time

a bank that can lend to other banks in time of need

a banking system that keeps only a fraction of its funds on hand and lends out the remainder

a person or institution to whom money is owed

the interest rate that a bond issuer will pay to the bondholder

a market for reselling financial assets

a person who links buyers and sellers of stock

a bond issued by a state or local government or a municipality to finance a public project

a portion of stock

the network of structures and mechanisms that allows the transfer of money for savers&borrowers

a bond issued by a corporation to help raise money for expansion

objects that have value because the holder can exchange them for something else of value

 those goods that last a short period of time, such as food, light bulbs, and sneakers

the height of an economic expansion, when real GDP stops rising

a claim on the property or income of a borrower

contracts that give investors the right to buy or sell stock at a particular price until a date

amount of goods and services in the economy that will be purchased at all possible price levels

the amount of money borrowed

those goods that last for a relatively longtime, such as refrigerators, cars, and DVD players

the act of redirecting resources from being consumed today so they createbenefits in the future

a bond with high risk and potentially high yield

a recession that is especially long and severe

all the money available in the United States economy

the division of each single share of a company’s stock into more than one share

a prolonged economic contraction

the seizure of property from borrowers who are unable to repay their loans

a steady rise in the stock market over a period of time

contracts to buy/sell commodities at a particular date in the future at a price specified today

 an institution that helps channel funds from savers to borrowers

a contract for buying stock at a particular price until a specified future date

a period of macroeconomic expansion followed by one of macroeconomic contraction

the average of all prices in the economy

 the difference btwn selling price andpurchase price that results n a financial loss/the seller

anything that is used to determine value during the exchange of goods and services

a market in which money is lent for periods longer than a year

the strategy of spreading out investments to reduce risk

the annual rate of return on a bond if the bond is held to maturity

a monetary system in which paper money and coins had the value of certain amounts of gold

coins and paper bills used as money

a fund that pools money from small savers to purchase short-term gov't and corporate securities

the practice of making high-risk investments w/ borrowed money in hopes of getting a big return

a market in which money is lent for periods of one year or less

a decline in real GDP combined with a rise in the price level

a card based on the owner’s promise to pay for those goods and services

anything that serves as a medium of exchange, a unit of account, and a store of value

the annual income earned by a nation’s firms and citizens

an organization that pools the savings of many individuals and invests this money

 the loss of the value of capital equipment that results form normal wear and tear

an investment report that provides information to potential investors

an institution for receiving, keeping, and lending money

difference between the sellingprice and purchase price that results n financial gain/the seller

the lowest point of an economic contraction, when real GDP stops falling

a low-denomination bond issued by the United States government

the time at which payment to a bondholder is due