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Terms in this set (73)
Provides payments for both liability and property insurance on a vehicle
A financial security that represents a promise to repay a fixed amount of funds
certificate of deposit
A savings alternative in which money is left on deposit for a stated period of time to earn a specific rate of return.
interest calculated on both the principal and the accrued interest
A financial institution owned by its members that provides savings and checking accounts and other services to its membership at low fees.
A measure of whether you'll be able to pay back a loan properly
a bond's annual coupon divided by its price
something, typically money, that is owed or due
Specified amount of money that the insured must pay for covered medical expenses before the insurance policy begins to pay; usually annual amount per individual or family
A type of insurance paid to an individual if he/she is injured and is unable to work for a specified length of time.
Income remaining for a person to spend or save after all taxes have been paid
A payment from profits by a company's Board of Director's to shareholders. (Dividends are issued on a regular basis and can be either increased or decreased).
measures the net income earned per share of common stock
Consumer tax on a specific kind of merchandise, such as tobacco.
Federal legislation passed in 1996. Its main effect in EMS is in limiting availability of patients' health care information and penalizing violations of patient privacy.
A positive or negative environmental stimulus that motivates behavior.
A general increase in prices and fall in the purchasing value of money.
A contract whereby one party (insurer) agrees to indemnify or guarantee another party (insured) against a loss by a specified future contingency or peril in return for payment of a premium.
A sum paid or charged for the use of money or for borrowing money
Percentage of amount borrowed to be added to the amount loaned and paid back
spending on capital equipment, inventories, and structures, including household purchases of new housing
retirement plan that money gets put into and then given back at a later age
a person or organization that provides money to a borrower
(n.) a debt; something disadvantageous
insurance paid to named beneficiaries when the insured person dies
A mutal fund or account thtat invest in short-term, liquid investments. these funds generally pay better that a savings accountwith a bank, but less than a typical stock mutual fund. These funds are comsidered very low risk.
a business that accepts deposits from many people to invest in various ways
Debts that are owed as a result of purchasing goods that are consumable and/or do not appreciate.
a nonvoting share of ownership in a corporation that pays a fixed dividend
A specific sum of money paid by the insured to the insurance company in exchange for financial protection against loss.
Rate of interest banks charge on short-term loans to their best customers
Provides payment to the insured person if his or her property is damaged or destroyed by an accident covered by the insurance policy.
A tax for which the percentage of income paid in taxes remains the same for all income levels
A tax for which the percentage of income paid in taxes decreases as income increases
income earned on an investment
Degree of uncertainty of return on an asset; in business, the likelihood of loss or reduced profit.
A tax on a sale of merchandise or services
Disposable income not spent for consumer goods.
labor that requires minimal specialized skills and education
simple interest formula
labor that requires specialized skills and training
Proficiency acquired through training or experience.
- This tax can be levied by any county for the purpose of funding the building and maintenance of parks, schools, roads, and other public facilities.
A certificate of ownership in a corporation
labor that requires no specialized skills, education, or training
the ability to produce a good using fewer inputs than another producer
Association of Southeast Asian Nations
balance of payments
A record of all transactions between the residents of a country and the residents of all other countries. It shows all payments received from other countries (credits), and all payments made to other countries (debits). It has CURRENT ACCOUNT, CAPITAL ACCOUNT, FINANCIAL ACCOUNT, and ERRORS&OMISSIONS.
balance of trade
the difference between a country's total exports and total imports
objects that have value in themselves and that are also used as money
The ability of a country to produce a good at a lower cost than another country can.
Coins and paper bills used as money
an official ban on trade or other commercial activity with a particular country.
An international organization of European countries formed after World War II to reduce trade barriers and increase cooperation among its members.
The measure of how much one currency is worth in relation to another.
A good or service produced in the home country and sold in another country.
fixed exchange rate
An exchange rate policy under which a government commits itself to keep its currency at or around a specific value in terms of another currency or a commodity, such as gold.
foreign exchange rate
Price of one country's currency in terms of another country's currency.
international trade free of government interference
goods produced abroad and sold domestically
North American Free Trade Agreement
A tax on imported goods that raises the price of imports so people will buy domestic goods
the ability to purchase goods and services
A limit placed on the quantities of a product that can be imported
A government payment that supports a business or market
A tax on imported goods
Exchange of goods and services
a means of preventing a foreign product or service from freely entering a nation's territory
An excess of imports over exports
when a country exports more than it imports
unfavorable balance of trade
The value of a nation's imports in excess of the value of its exports
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