Course glossary
During lectures you will learn new words. Using this link you are welcome to add them to our "course glossary", so that other students will be able to see them and learn. Let's make our own useful glossary and help each other to learn new words! By the way, there are already some worlds which should be familiar for you till the end of the course, try to cover them when you mill have free time.
Special | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | ALL
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Balance of payments statementA summary of the payments received by the u.s. from foreign countries and the payments sent by the u.s. to foreign countries. | |
Balance sheetA tabular way to show the assets and liabilities of a bank. | |
Base yearThe year that serves as a reference point for constructing a price index and comparing real values over time. | |
BondA certificate of indebtedness from the issuer to the bond holder. | |
Budget deficitExists when government spending exceeds the revenue collected from taxes. | |
Budget surplusExists when government spending is less than revenue collected from taxes. | |
Business cycleThe periodic rise and fall (in four phases) of economic activity. | |