Economics > EXAM > Summary The Economics of Money, Banking and Financial Markets [211581] Questions and Answers 2023 (All)

Summary The Economics of Money, Banking and Financial Markets [211581] Questions and Answers 2023

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Aggregate Income - -The total income of factors of production (land, labor and capitol) -Aggregate Output - -The total production of final goods and services -Aggregate Price Level - -The averag... e price of goods and services -Asset - -A financial claim or piece of property that is a store of value -Banks - -Financial institutions that accept money deposits and make loans -Bond - -A debt security that promises to make periodic payments to the holder for a specified period of time -Budget Deficit - -Government expenditures in excess of tax revenues -Budget Surplus - -Tax revenues in excess of government expenditures -Business Cycles - -Upward and downward movement of aggregate output produced in an economy -Central Bank - -The government agency that oversees a country's banking system and is responsible for the amount of money and credit supplied in the economy; the Federal Reserve System -Common Stock - -A security that is a claim on the earnings and assets of a company -e-Finance - -Means of delivering financial s [Show More]

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Summary The Economics of Money, Banking and Financial Markets Questions and Answers 2023

Financial markets perform the basic function of - -matching savers with funds to lend to people who want to borrow funds -Federal Reserve - -Examines the books of commercial banks that are members...

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