Statistics for Economics: Topic 10, Year 2 Definitions

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Answer Stats

Definitions	Answer	% Correct
The direct exchange of goods or services between parties to a transaction without the use of money.	Barter	100%
Financial securities issued by governments and companies with the aim of raising capital for repayment over the medium to long term.	Bonds	100%
Measures the ease with which assets can be turned into cash.	Liquidity	100%
Measures the ease with which assets can be turned into cash.	Liquidity	100%
A medium of exchange that is acceptable in payment for goods and services or to settle a debt.	Money	100%
The finance raised through issuing shares and retaining earnings from previous trading periods.	Capital	50%
A rate of increase at which the authorities have lost control of prices. Usually attributed to a figure in excess of 1000% per annum.	Hyperinflation	50%
Long-term loans provided for the purpose of buying property.	Mortgages	50%
Equal units of ownership of a company offering financial and other benefits.	Shares	50%
Exists when two parties to a transaction have products of approximately equal value and both want what the other possesses.	The Double Coincidence of Wants	50%
The price of one currency expressed in terms of another.	The Exchange Rate	50%
The total stock of money that circulates within an economy.	The Money Supply	50%
The government's economic and finance ministry, maintaining control over public spending and overseeing the UK's economic policy.	The Treasury	50%
A financial statement recording the assets and liabilities of a business on a particular day at the end of an accounting period.	A Balance Sheet	0%
An individual or organisation that is owed money by another person or organisation.	A Creditor	0%
A debt that must eventually be paid. It represents a claim on assets.	A Liability	0%
Items that are owned by a business. The assets of commercial banks include property, loans granted to customers, and investments in stocks, shares and Treasury bills.	Assets	0%
The purchase of a controlling interest in one business by another.	A Takeover	0%
Sums of money paid into accounts held with financial institutions such as commercial banks.	Bank Deposits	0%
The banknotes in circulation along with the balances or reserves held by commercial banks and building societies at the Bank of England. This is also referred to as central bank money.	Base Money	0%
A much more inclusive measure of the money supply including notes and coins, but also less financial assets such as savings accounts.	Broad Money	0%
Those markets in which financial securities such as shares and bonds are issued to raise medium - to long-term finance.	Capital Markets	0%
A financial institution whose main business is taking deposits and making loans, though it may provide other financial services such as insurance.	Commercial Banks	0%
A short-term debt instrument issued by a company.	Commercial Paper	0%
An amount of money borrowed by one person or organisation from another and repaid to an agreed schedule, usually with interest added.	Debt	0%
A share in the profits of a company that are paid to some groups of shareholders.	Dividends	0%
Refers to the value of that part of a business's capital that is generated through the sale of shares.	Equity	0%
Financial assets such as shares that can be bought and sold on markets.	Financial Securities	0%
Those in which traders buy and sell currencies.	Foreign Exchange Markets	0%
Privately owned investment companies that provide services to wealthy individuals or to professional investors such as pension funds.	Hedge Funds	0%
Specialise in complex financial activities, such as assisting governments and businesses to raise capital or advising businesses on mergers with other businesses.	Investment Banks	0%
The date at which a bond is due for repayment.	Maturity	0%
Occur when two or more firms join together to form a new, larger business.	Mergers	0%
Includes all physical money like coins and currency along with deposits on demand and liquid assets held by the central bank.	Narrow Money	0%
Medium to long-term goals that are agreed to coordinate the activities of an organisation.	Objectives	0%
A measure of a business's performance that compares profits to another factor such as earnings.	Profitability	0%
Allow individuals and firms to borrow a specific sum of money that is secured against a property or other valuable asset, which is sold in the event of the borrower defaulting.	Secured Loans	0%
Exist when there is a risk to the whole market, system or even economy, as opposed to a risk linked to one organisation.	Systemic Risks	0%
The interest rate attached to the bond.	The Coupon Rate	0%
Measures the multiple by which the expansion in the money supply is greater than the increase in the monetary base.	The Credit Multiplier	0%
Requires banks to hold sufficient high-quality liquid assets to exceed the net cash outflows of the next 30 days.	The Liquidity Coverage Ratio (LCR)	0%
Comprises of financial institutions and other organisations that wish either to borrow or to lend on a short-term basis.	The Money Market	0%
Short-term government securities, maturing after 91 days and sold at a discount on their face value.	Treasury Bills	0%
A process whereby investment banks support governments and companies in raising capital by issuing bonds and shares.	Underwriting	0%
Refers to the interest or dividends received from a security, usually expressed as a percentage based on the security's market price.	Yield	0%