Economic Term Flashcards

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1
Q

To control or supervise something by means of laws or rules

A

Regulate

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2
Q

Cost of borrowing money over a period of time or the price that lenders charge borrowers for the use of the lenders’ money

A

Interest rate

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3
Q

The value of a currency against another one

A

Exchange rate

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4
Q

A national bank that provides financial and banking services for its country’s government and commercial banking system

A

Central bank

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5
Q

The way a central bank controls the amount of money in the economy at a particular time, for example by changing interest rates.

A

Monetary policy

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6
Q

The irregular rise and fall of a number or amount

A

Fluctuate

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7
Q

To buy goods, shares, property, etc. In the hope that their value will increase so that they can be sold for a profit

A

Speculate

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8
Q

A general increase in the price of goods and services and a fall in the relative value of money

A

Inflation

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9
Q

The percentage increase in prices over a given time period

A

Rate of inflation / inflation rate

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10
Q

A unit of measure used in the financial world to describe the percentage change in the value or rate of a financial instrument. One basis point is equivalent to 0.01% or 1/100th of a percent

A

Basis point

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11
Q

A system of money, or the bills and coins themselves, used in a particular country

A

Currency

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