Crash Course Economics #11: Money/Finance

Network of institutions, markets and contracts that bring together lenders and borrowers.

The system in which paper money was fully backed by and could be converted into gold

Exchange of goods or services for other goods or services. No money is exchanged.

Amount of money invested in property, such as, a house less the amount of debt that is owed.

How does money move around the economy today?

A tradeable asset of any kind.

When to start saving?

A factor of production contributing human effort in the production process.

Money, tools, buildings, and inventory used in the production of consumer goods and services.

All of the following are roles of Money EXCEPT......

resourses that can regularly be replaced by nature

Things that are necessary for survival, such as water, food, shelter, and clothing.

All of the following are part of the economic system Cycle except........

Why crowd source loans?

What is credit?

A certificate of ownership in a corporation.

What is opportunity cost?

Which resource is nonrenewable?

Is the Stock Market a good indicator for how the economy is doing?