Glossary+disinflation

GLOSSARY TERMS FOR ARTICLES

 * Bankruptcy**-inability to discharge all your debts as they come due) //"the company had to declare bankruptcy//


 * Currency**-The money in circulation in any country. When a government adjusts the value of the nation's currency so that it buys less of foreign currencies than before.


 * Currency Board**-A government organization existing in a few countries that establishes a fixed exchange rate for the nation's currency.


 * Deflation**-A sustained decrease in the average price level of all the goods and services produced in the economy.


 * Gross domestic product**- The market value of all final goods and services produced in a country in a calendar year.


 * Interest**-Money paid regularly, at a particular rate, for the use of borrowed money.


 * Interest rate**- The price paid for using someone else's money, expressed as a percentage of the amount borrowed.

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(All Definitions are found at) : Econ EDlink

URL= http://my.econedlink.org/glossary.php