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Home Page Social Science Economics Finance Credit [Economics] 10.3 - Flashcards

[Economics] 10.3 – Flashcards

Patrick Marsh
8 July 2022
11 test answers

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question
The amount of money borrowed
answer
principal
question
What is a credit union?
answer
a cooperative lending institution for a particular group
question
How does a bank make most of its profit on its business?
answer
by paying out less interest on deposits than it earns in interest on loans
question
A specific type of loan that is used to buy real estate
answer
mortgage
question
The ability to be used as, or directly converted to, cash
answer
liquidity
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question
The money supply of a country is made up of which of the following?
answer
all the money available in an economy
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question
The money in checking accounts
answer
demand deposit
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question
Failure to pay back a loan
answer
default
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question
All the money available in an economy
answer
money supply
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question
Person or institution to whom money is owed
answer
creditor
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question
The price paid for the use of borrowed money
answer
interest
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Question
What is the right structure for an essay
Answer
A paragraph is a related group of sentences that develops one main idea. Each paragraph in the body of the essay should contain:
  • a topic sentence that states the main or controlling idea
  • supporting sentences to explain and develop the point you’re making
  • evidence from your reading or an example from the subject area that supports your point
  • analysis of the implication/significance/impact of the evidence finished off with a critical conclusion you have drawn from the evidence.