| A | B |
|---|
| Deficits | Describing the process of spending more money than is brought in as revenue. |
| Balanced Budget | Idea that a budget should never spend more money than it has recieved. |
| Interest | Price paid to borrow someone's money. |
| Collateral | Item of value that is promised in order to borrow a large sum of money. |
| Stock Market | Place where shares of corporations or mutual funds are sold on the open market. |
| Mutual Fund | Economic fund that combines the money of many investors and is operated by a professional fund manager who makes the investment decisions. |
| Bonds | There are certificates issued to investors who loan their money to businesses of govt.s and are repaid with interest. |
| Exports | Items which are traded out of nation. |
| Imports | Items which are traded into the nation. |
| Balance of Trade | Describing the relationship between a nations imports and its exports. |
| Trade Deficit | Situation whan a nation is importing more goods than it is exporting--this cause more money to leave the nation than enter the nation. |
| NAFTA | Free trade agreement made between the US, Canada, and Mexico. |
| European Union | Group of European nations that have joined together in a free trade union. |
| UN | World Council that seeks to alleviate world problems. |
| Security Council | Part of the United Nations which oversees the security of the world. |
