Monday, January 31, 2011

10 Economical Terms

GIC  (Guaranteed Investment Certificate) - An investment with a small, but guaranteed rate of return. 2%-4%

Mutual Funds - An investment with a medium rate of return, usually safe. 5-10%

Stock - An investment with the highest rate of return, however the most dangerous. 8-X % (Represents Ownership of a company)

Investment (Financial) - Input of money for a larger return of money in the future.

Bonds - An investment in the form of a loan, usually to a country.

Microeconomics- The study of behavior of indivuals on their financial decisions.

Macroeconomics- The study of behavior of a group on their financial decisions.

Economics- The study of production and consumption of goods and services.

Inflation- The increased value of goods in the economy over a period of time.

Revenue- The income of a business.

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