Term
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Definition
| the group of institutions that helps match the saving of one person with the investment of another. |
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Term
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Definition
| institutions through which savers can directly provide funds to borrowers. |
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Term
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Definition
| A certificate of indebtedness |
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Term
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Definition
| a claim to partial ownership in a firm |
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Term
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Definition
| Institutions through which savers can indirectly provide funds to borrowers |
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Term
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Definition
| institutions that sell shares to the public and use the proceeds to buy portfolios of stocks and bonds |
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Term
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Definition
The portion of households’ income that is not
used for consumption or paying taxes.
Private Saving=Y-T-C |
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Term
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Definition
Tax Revenue less government spending
T-G |
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Term
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Definition
private saving + public saving
Y-C-G |
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Term
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Definition
an excess of tax revenue over govt spending
T-G=public saving |
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Term
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Definition
a short fall of tax revenue from gov't spending
G-T=-(public saving) |
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Term
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Definition
| Purchase of new capital(not purchase of stocks and bonds) |
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Term
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Definition
| The govt borrows to finance its deficit, leaving less funds available for investment. |
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