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Ecnomics- Key Terms Review

Part I

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3.The act of trading goods and services between two or more parties without the use of money.
5.The process of selecting investments with higher risk in order to profit from an anticipated price movement
6.The banks that carry out federal operations, including controlling the money supply and regulating member banks.
8.A debt investment in which an investor (or purchaser) loans money to an entity (corporate or governmental) that borrows the funds for a defined period of time at a fixed interest rate
9.An asset or item that is purchased with the hope that it will generate income or appreciate in the future
11.This institution is mainly concerned with making and receiving payments as well as supplying short-term loans to individuals.
13.a fee charged by a government on a product, income or activity
15.A taxation imposed on goods and services imported into a country
16.An individual who buys products or services
17.A commodity or asset, such as gold, an officially issued currency, coin or paper note, that can be legally exchanged for something equivalent, such as goods or services.
1.An economic system in which economic decisions and the pricing of goods and services are determined by the government
2.An economic system in which economic decisions and the pricing of goods and services are guided solely by natural forces
4.Social science concerned with the way society chooses to make use of its limited resources to produce goods and services for present and future consumption
7.a place where stock brokers & traders buy and sell stocks.
10.The basic economic problem that arises because people have unlimited wants but resources are limited.
12.the amount of money that is brought into a company by its business activities or in the case of government, is received from taxation, fees, fines, etc
14.the shares of a particular company or corporation

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