Macroeconomics ch 26

  1. Financial System
    The group of institutions on the economy that help to match one person's saving with another person's investment
  2. Financial Markets
    Financial instituitions through which savers can directly provide funds to borrowers
  3. Stock
    A claim to partial ownership in a firm
  4. Mutual Fund
    An institutuion that sells shares to the public and uses the proceeds to buy a portfolio of stocks and bonds
  5. National Saving
    The total income in the economy that remains after paying for consumption and government
  6. Private saving
    The income that households have left after pating for taxes and consumption
  7. Public Saving
    The tax revenue that the government has left after pating for its spending
  8. Budget Deficit
    A shortfall of tax revenue from government spending
Card Set
Macroeconomics ch 26
Study for final