2d) economic conditions Flashcards
1
Q
What are economic conditions?
A
Economic conditions are the status of a countries financial stability and security
2
Q
What is an interest rate?
A
An interest rate is the price paid for money that has been borrowed that is expressed as a percentage %
3
Q
What is a tax rate?
A
A tax rate is the percentage of compulsory payments made to the government
4
Q
What is business confidence?
A
Business confidence is a measure of business owners expectations and feelings about future economic performance
5
Q
What is consumer confidence?
A
Consumer confidence is a measure of consumers expectations and feelings about future economic conditions
6
Q
What is EOFY
A
EOFY is: End Of Financial Year
7
Q
when does the financial year start and end?
A
Starts in June and ends in July
