Economics Vocab

5. a retirement plan that requires an employer to make contributions to funds
9. interest on a loan or deposit calculated based on both principal and interest
10. the change in price of an asset
11. amount a lender charges a borrower
13. monetary charge for the privilege of borrowing money
14. unchanging rate charged on a liability
15. the chance a outcomes actual gain will differ from the expected return
16. something a person or company owns
18. money put aside for future use
19. a bank product that earns interest on a lump-sum deposit that's been untouched

1. taxes required on specific goods or services
2. a non-profit financial institution controlled by it's members
3. trading in very short-term debt investments
4. a type of tax that governments impose on incomes generated by business and individuals
6. consumption tax imposed by the government on the sale of goods and services
7. a contract, where an individual receives financial protection
8. a risk management strategy that mixes a wide variety of investments within a portfolio
12. ability to borrow money with the understanding that you'll pay later
17. an asset or item acquired with the goal of generating income
20. an amount of money borrowed by one party from another