Intro to Business

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Can you name the Intro to Business ?

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

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