Across
- 2. what we owe or our debt
- 4. category of economics that deals with broad issues that imapct the economy as a whole
- 7. expenses that remain the same from period to period, like a car payment
- 8. category of economics that focuses more on individual choices or decision by smaller units, like a firm
- 9. certificates that represent fractional ownership in a firm
- 10. professionally managed investments that allow investors to pool their money in order to invest in a larger varieties of financial assets like stocks and bonds
- 12. something you acquire with the ultimate goal of making money
- 16. the total dollar amount of all goods and services in the nation
- 17. a period in which the economy is shrinking
- 19. rent on money you borrow
- 22. expenses that may change from period to period like an electric bill
- 24. a severe recession
- 25. process of forecasting future expenses and income
- 26. certificates like an IOU that promises to repay a certain amount of money in the future
Down
- 1. formal measure of inflation that tells whether things overall are more expensive or less expensive than in the past
- 2. things you own that can be converted to cash rapidly
- 3. legal process in which a court takes over some of the finances a person who is unable to pay their bills
- 5. money paid out or spent
- 6. money earned through wages, allowance, or other source
- 11. the potential for loss
- 13. anything on which we spend money
- 14. homes, rental properties, farms, or other land
- 15. the worth of something if you sold it today
- 17. a snapshot of your qualifications that includes background information such as education and previous work history
- 18. an increase in the price of goods and services
- 20. anything you own such as cars, homes, furniture
- 21. the mathematical difference between assets and liability
- 23. amount of a specific asset that we own minus any liabilities