11-13 Flashcards
1
Q
Absence of spending that frees resources for use in other activities or investments
A
Saving
2
Q
The dollars that become available for investors to use when others save
A
Savings
3
Q
Claims on the property and the income of the borrower
A
Financial asset
4
Q
Network of savers, investors, and financial institutions that work together to transfer savings for investment uses
A
Financial system
5
Q
Fund set up to collect income and disburse payments to those persons eligible for retirement, old age, or disability benefits
A
Pension fund
6
Q
Risk
A
situation in which the outcome is not certain, but the probabilities can be estimated
