Intro to Business

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Can you name the Intro to Business ?

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Bank that loans to people and offers savings accounts. People are part owners.
Total dollar value of all the final goods and services produced in a country in one year.
Number that compares prices now to a earlier year
General increase in prices
The current chairman of the Federal Reserve System
Businesses dealing with more than one state
Agent who has access to many types of insurance
Expense that changes monthly(heating bill)
Reports net wages and other income along with spending for a period of time
Person who takes on the risk of financial loss
Person who buys insurance
Retirement plan where employee and employers put in money. It can be withdrawn at 59 1/2 years and grows tax free.
Gengeral decrease in prices. Usually occurs during depression or recession
Property used as security to recieve payment
Period marked by prolonged unemployment . GDP falls rapidly
Allows consumers to know the infor credit bureaus give out
Amount of money available to spend
Value of the next best alternate that you did NOT choose.
Compares spending to budget
Exchanges uncertainty of a possible large financial loss for a certain smaller payment
Period where most people are working and GDP increases.
Risk where costs can be predicted
Principles of morality or rules of conduct
Money order where money goes to various orginizations
Protects creative work of author, composer, artist during life and fifty years after death
Rate for a 6 month time deposit at savings institutions
A person who uses resources in an entirely new way in order to create a business
Insures your money if the bank goes out of business
Assets minus liabilities equals this
This kind of endorsment requires only the endorsers signature
Limits use of a chekc for given purpose
Cost of borrowing for large U.S. corporation
People who not working, but are looking for and willing to work
Person who makes a good or service
Check for a future date
Card needed for ATM transactions
Person who purchases a good or service
Privelage of using someone elses money for a period of time
Amount you pay to borrow your home
Date at which the loan must be repaid
Smaller bank that specializes in saving and home mortgage savings or loans.
Movement of the economy from on condition to another and back up again
Government spending makes up ____% of all spending
Orders a company to pay an amount to another company
Checks that may not have been payed yet
Insured person or company buying a policy
Output per person is called
Reduces payments to a more manageable level
Interest rate for short U.S. government obligations
Type of economy where goods and services are produced in a way that has already been done.
The point where supply and demand are equal
Refers to the day to day financial activites associated with usign limited income to satisfy unlimited needs and wants
Giving up one thing for something else
Amounts you owe others
Life insurance of an employee
Loans on tangible objects like jewelery or valuable items
Record of assets and liabilities at a certain point in time
Company recieves goods and pays later
Not having enough to satisfy everyones needs.
Risk that can result in financial loss
Policyholder's request for payment from a loss
Legal process of reducing or eliminating amount owed
Risk in which you don't suffer financially
Company that gathers information on credit users
Risk with no chance of gain
Suggests actions to reduce spending and credit difficulties.
Money earned after taxes
Transfer check to someone else uses this type of endorsment
Things that are required in order to live. Examples include food, water, shelter.
Contract issued by seller requiring peridoic payments
Refers to the private ownership of resources by individuals rather than by the government. Businesses decide what to produce
Quantity of goods or services that a business can provide
Which country consumes and produces more goods than any other.
An orginization that supplies a service or product vital to all people
Interest rate for a long(20 year) period of time for U.S. governmet obligations
The interest rate available for the best customer
Lend money to consumers looking to buy a home
The rivalry among businesses to sell goods and services
An agreement to exchange goods or services for some kind of value
This association regulates credit unions
Expense that occures regularly(car payment)
Report that summarizes your current financial condition, acknowledges you financial needs, and sets a direction for your future.
Quantity of goods or services that consumers are willing to buy
Period where demand decreases and unemployment rises. GDP decreases.
Series of regular payments made to a retired worker under an orginized plan
Rules about how businesses and their employees should behave
Gives right to make sell and use a product for 17 years
Interest rate that financial institutions are charged
Can be thought of as a possibility of a loss
Non profit bank for members only
An account at a credit union is called
Represents ownership of a company
Things that you can see and touch and buy.
The money needed to produce a good or service.
Risk with a chance to gain or lose
The sales of durable and non-durable goods bought by consumers
Requires prompt correction of credit mistakes
Checks used if you don't have enough money
The amount the government owes
Bank has guaranteed payment for a check
Form of income protection. Money goes to retired workers.
Represents debt for an orginization
Payment needed to keep insurance
Governments use of bonds through citizens to make money
Part of a debt is payed each mont
Phase when unemployment decreases and GDP begins to rise
Amount of loan
Risk that can result in loss of property
Written promise to repay based on excellent credit history
Amount of money insurance company pays to a person who has previously deposited money with the company
Type of economy that combines elements or both command and market economies.
Insurance for employees who cannot work
An IRA with no withdrawal tax that also grows tax free
Information on company issuing insurance.
Insurance for property damage resulting from theft, fire, natural disaster
The duty of a business to contribute to the well being of the community
An IRA for people who are self employed
Tax that comes out of the paycheck
Money order where money goes to specific business or person
Record of completed transactions
Type of economy where resources are owned and controlled by the government
Uncommon risk where it is impossible to predict the amount of loss
Allows you to meet your personal goals with a system of saving and wise spending
Money you get from working(salary)
Business dealings in the same state
Type of economy where resources are owned and controlled by people
Form that you need to fill out to prived information needed by a lender to make a decision on granting credit
First credit protection law
Refers to the illegal use of intellectual property like a patent or trademark
Activities consumed when they are purchased. Like a hair cut.
Total dollar cost of credit plus interest
Set of rules guiding actions of employees or members or a company
Items you have of value
Word, letter, or symbol associated with a company
Full service bank
The production output for a worker or business,
Refers to salaries and wages of a person
Document shows how bank statement and checkbook register are brought together
Risk that can result in loss of health.
Purely tangible property with no physical characteristics
The means through which goods and services are produced
Risk that relates to harm or injury to other people while on your property
Things that add comfort and pleasure to life. Examples include a big house or nice car.

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