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Personal Finance Flashcards | StudBud
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Personal Finance
Personal Finance
34 terms
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StudBud Administration
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104 plays
Banking,Measuring the Economy,Credit,Getting A Job
Flashcards
34 cards
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Practice quiz
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Questions
34
Answers
1
prolonged period of recession & unemployment
Depression
Prosperity or Boom
Recession
Recovery
2
Too little Demand for goods & services
Cyclical unemployment
Structural unemployment:
Frictional unemployment
3
Convenience, Cost, Service
Bank
Fees
Reasons to choose a bank
Special Conveniences when choosing a bank
4
Time of great economic growth
Recession
Prosperity or Boom
Depression
Recovery
5
Economy begins to slow down
Depression
Recession
Recovery
Prosperity or Boom
6
cards that you can purchase goods and services with
5 C's of Credit
Finance Charge
Credit Cards
Defaulting
7
an increase in the overall market basket of goods & services
Cost-Push
Inflation
Demand Pull
Deflation
8
the rate banks lend money to their best commercial customer; set by the FED
Principal
Credit
Interest Rate
Prime rate
9
Buy Now, Pay Later
Interest Rate
Credit
Prime rate
Principal
10
Direct Deposit/Online Banking,Debit Card, Credit Cards, Overdraft Privileges, Auto Transfers
Fees
Bank
Special Conveniences when choosing a bank
Reasons to choose a bank
11
Many jobs no skills to hire people
Structural unemployment:
Cyclical unemployment
Frictional unemployment
12
Operates independently from the government; contols our economic lives
FDIC
GDP
The "FED"
SEC
13
results from an increase in demand
Demand Pull
Inflation
Cost-Push
Deflation
14
an increase or decrease in the overall market basket of goods & services
Unemployment
GDP
Inflation & Deflation
Business Cycles
15
Value of all final goods & services produced in a calendar year
GDP
The "FED"
FDIC
SEC
16
Has really nothing to do with the federal government; It contols the interest rate
GDP
FDIC
The "FED"
SEC
17
Prosperity or Boom, Recession, Depression, Recovery
Business Cycles
Inflation & Deflation
Unemployment
GDP
18
1913 created more stability in banking; basic role was to control the nation’s money supply
FDIC
GDP
SEC
The "FED"
19
When this is growing it means the economy is doing well
Unemployment
GDP
Inflation & Deflation
Business Cycles
20
Character,Capital Capacity,Collateral, Conditions
5 C's of Credit
Credit Cards
Defaulting
Finance Charge
21
results from an increase in the cost of production
Inflation
Cost-Push
Deflation
Demand Pull
22
Workers changing jobs or between jobs
Frictional unemployment
Cyclical unemployment
Structural unemployment:
23
It is a government agency that ensures that markets work efficiently.
SEC
The "FED"
GDP
FDIC
24
the percentage the lender charges you to use the money; It’s how the lender makes money
Credit
Interest Rate
Prime rate
Principal
25
Money, ID, Social Security Number, Signature
Bank
What you need to open a checking account
Reasons to choose a bank
Fees
26
ATM, Debit Card,Check Printing, Bounced Check, Stop payment order,Money Order & Bank Check
Reasons to choose a bank
Bank
Fees
Special Conveniences when choosing a bank
27
Independent agency that preserves public confidence in the banking system by insuring deposits.
The "FED"
GDP
FDIC
SEC
28
decrease in the overall market basket of goods & services
Cost-Push
Deflation
Inflation
Demand Pull
29
What the credit card company charges the consumer to use the card
Credit Cards
Finance Charge
Defaulting
5 C's of Credit
30
It is not paying back what you owe.
5 C's of Credit
Finance Charge
Credit Cards
Defaulting
31
Limited banking services, working investment portfolios, job is to make money for investors
Commercial Banks
Credit Unions
Brokerage Firms
Savings & Loans
32
Members of the labor force who do not have jobs; Full employment is between 5%-7%.
Unemployment
Business Cycles
Inflation & Deflation
GDP
33
Economy starts to turn around
Depression
Prosperity or Boom
Recovery
Recession
34
It is the amount you borrow
Principal
Interest Rate
Prime rate
Credit
