A summary of the payments received by the u.s. from foreign countries and the payments sent by the u.s. to foreign countries.

A tabular way to show the assets and liabilities of a bank.

The year that serves as a reference point for constructing a price index and comparing real values over time.

A certificate of indebtedness from the issuer to the bond holder.

Exists when government spending exceeds the revenue collected from taxes.

Exists when government spending is less than revenue collected from taxes.

The periodic rise and fall (in four phases) of economic activity.