Unit Six- Personal Finance and International Trade Review

Why do we trade with other countries?

A barrier to trade that limits the amount of goods than can be imported

If a country imports more than it exports, it has a

The formula for simple interest

Will give out small loans in return for an upcoming paycheck; interest rates are high

Tax on imports which increases their price in the domestic market

What are the three C's of credit worthiness?

Level of education that has the highest weekly earnings and lowest unemployment rate

NAFTA- North American Free Trade Agreement consists of the United States, Canada, and Mexico

A Trade Block is an agreement to increase trade between the member countries (for ex. NAFTA)

Payday lenders, loan sharks, and title pawn lenders lend money at high interest rates

Inflation can decrease the value of your investment- usually associated with savings accounts

The risk is lower with investing in stock mutual funds than with an individual stock

You invest 5,000. How long will it take to double your money at an interest rate of 9 percent?

Balance of Payment Deficit

Investment that represents a piece of ownership of a corporation.

Country's ability to produce more of a given product than another country.

Which of the following investments below carries the highest Risk?

This is when the dollar will buy less foreign currency?; It is ? in value

Which of the following statements are correct about CD's- certificates of deposits

When a country can produce a product at a lower opportunity cost than another country

If exports are more than imports a country has a

Which of the following investments below carries lowest risk?

Which group is HURT by the appreciating/strong dollar?

Which level of education has the least weekly earnings and the highest unemployment rate?

Injured outside of the job or become ill for a long period of time and can not work. Insurance?

Protectionists argue for restrictions on trade for which of the following reasons?

Must be a member in order to borrow money. Often Unions and government employees have access

This group argues for free and unrestricted trade

Having a credit card with 10% APR is better than having a credit card with 12% APR

One advantage of a mutual fund over an individual stock is that

Your credit score can be based on which of the following factors

What groups are helped by the weak dollar/depreciating dollar?

This is when the dollar will buy more foreign currency ?; It is ? in value

A fund that contains stocks or holding in many different businesses