| A | B |
|---|
| expenditures | money that is spent |
| deficits | spending more money that is brought in a revenue |
| balanced budget | concept that one should never spend more money that has been received |
| 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 | where shares of corpoations or mutual funds are sold on the open market |
| mutual fund | economic fund that combines the money of many inventors and is operated by professionals |
| bonds | certificates issued to investors who loan their money to businesses or governments |
| exports | items traded out of the nation |
| imports | items traded into a nation |
| balance of trade | describes the relationship between a nation's imports and its exports |
| trade deficit | importing more goods than it is exporting |
| 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 Nation which oversees the security of the world |
| Bear Market | stock prices fall |
| Bull Market | stock prices rise |
