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  • Created by: omar adan
  • Created on: 05-12-16 10:22
what is austerity
goverment measdure to reduce the amount of money the goverment spend in difficult financial conditions
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what is a bond
certificate that shows you have bought the debt from a company or goverment in return the money in intrest
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what is a consumer
someone who uses or buys goods or services
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what is debt
money owed to another person or organisation
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what is deficit
more expenditure then income
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what is disposable income
income remaining after deduction of taxes and social security charges, available to be spent or saved as one wishes
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what is fiscal policy
Fiscal policy is the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy
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what is gilts
fixed-interest loan securities issued by the UK government.
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what is income tax
all the money recieved including through work investment and government policy
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what is mortages
a large loan to buy a house or propety
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what is revenue
income of an organisation or goverment
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what is surplus
more income than expenditure
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Other cards in this set

Card 2

Front

what is a bond

Back

certificate that shows you have bought the debt from a company or goverment in return the money in intrest

Card 3

Front

what is a consumer

Back

Preview of the front of card 3

Card 4

Front

what is debt

Back

Preview of the front of card 4

Card 5

Front

what is deficit

Back

Preview of the front of card 5
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