Flashcards

Unit 4 AP Macroeconomics

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Financial Markets

channel private savings into investment spending and government borrowing

Real Interest Rates =

nominal interest rate - inflation % increase in purchasing power that a borrower pays (adjusted for inflation)

3 Functions of Money

1. medium of exchange -accepted as a means of payment -eliminates the complications of barter 2. unit of account -a measurement of value -allows comparison of prices 3. store of value -store purchasing power for future use

asset

anything of value that is owned

liabilities

claims of the non-owners you have to give it back to someone if asked

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Institution 7
Course AP Macroeconomics

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