Economic Term Flashcards
A system of money, or the bills and coins themselves, used in a particular country
Currency
To control or supervise something by means of laws or rules
Regulate
Cost of borrowing money over a period of time or the price that lenders charge borrowers for the use of the lenders’ money
Interest rate
The value of a currency against another one
Exchange rate
A national bank that provides financial and banking services for its country’s government and commercial banking system
Central bank
The way a central bank controls the amount of money in the economy at a particular time, for example by changing interest rates.
Monetary policy
The irregular rise and fall of a number or amount
Fluctuate
To buy goods, shares, property, etc. In the hope that their value will increase so that they can be sold for a profit
Speculate
A general increase in the price of goods and services and a fall in the relative value of money
Inflation
The percentage increase in prices over a given time period
Rate of inflation / inflation rate
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
Basis point
