Saving, Investment and the Basic Tools of Finance (26/27)

12345678910111213141516171819
Across
  1. 4. the theory that asset prices reflect all publicly available information about the value of an asset
  2. 7. financial institutions through which savers can directly provide funds to borrowers
  3. 9. a shortfall of tax revenue from government spending
  4. 11. the income that households have left after paying for taxes and consumption
  5. 13. the accumulation of a sum of money in, say, a bank account, where the interest earned remains in the account to earn additional interest in the future
  6. 14. an institution that sells shares to the public and uses the proceeds to buy a portfolio of stocks and bonds
  7. 15. the total income in the economy that remains after paying for consumption and government purchases
  8. 16. a dislike of uncertainty
  9. 17. the reduction of risk achieved by replacing a single risk with a large number of smaller, unrelated risks
  10. 18. the market in which those who want to save supply funds and those who want to borrow to invest demand funds
  11. 19. risk that affects all companies in the stock market
Down
  1. 1. a decrease in investment that results from government borrowing
  2. 2. the tax revenue that the government has left after paying for its spending
  3. 3. the amount of money today that would be needed, using prevailing interest rates, to produce a given future amount of money
  4. 5. financial institutions through which savers can indirectly provide funds to borrowers
  5. 6. the path of a variable whose changes are impossible to predict
  6. 8. a claim to partial ownership in a firm
  7. 9. an excess of tax revenue over government spending
  8. 10. the amount of money in the future that an amount of money today will yield, given prevailing interest rates
  9. 12. a certificate of indebtedness