Glossary Category: Basic Economics Ideas

securities (economics)

Securities are financial assets that can be traded. Common examples include shares (ownership in a company), bonds, and

Liquidity describes how quickly and easily an asset can be turned into cash without losing much of its

A loan is a quantity of money taken from a lender or a bank that you must pay

An overdraft is a banking service that allows you to spend more money than you have in your

A savings account is a type of bank account where you keep money that you do not plan

A demand deposit account is a type of bank account that allows you to withdraw your money at

A deposit account is a type of bank account where you can safely store your money. These accounts

For money to function effectively, it must possess several key characteristics: Durability: It must be strong enough to

Money serves four main purposes in an economy: Medium of exchange: Money is widely accepted as payment for

Money is an item that people generally accept as payment for goods and services or to settle debt.