Economic Glossary Part 2: Terms and Definitions

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What does an ATM do?

Provides cash and performs banking services automatically

What are bank reserves?

The percentage of a bank's deposits that it keeps on hand

What is a capital gain?

A profit realized from the sale of property, stocks, or other investments

What are business cycles?

<p>Ups and downs in economic activity over time</p> Signup and view all the answers

What are adaptive expectations?

<p>Expectations about inflation or other economic events</p> Signup and view all the answers

What are bank service charges?

<p>Fees paid by bank customers for financial services</p> Signup and view all the answers

What are examples of Capital Resources?

<p>Machinery, tools, buildings</p> Signup and view all the answers

What is the definition of Deflation?

<p>A sustained decrease in the average price level of goods and services produced in the economy</p> Signup and view all the answers

What is the Central Banking System responsible for?

<p>Regulating the money supply and overseeing the nation's banks</p> Signup and view all the answers

What does the term Globalization refer to?

<p>The increased flow of trade, people, investment, technology, culture, and ideas among countries</p> Signup and view all the answers

What is Inflation?

<p>A general increase in the price level</p> Signup and view all the answers

What are examples of Fixed Expenses?

<p>Mortgage or rent payments, car payments</p> Signup and view all the answers

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