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.
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