100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
LOMA 308 Exam Study Guide with Complete Solutions $10.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. LOMA 308
  4.  
  5. LOMA 308

Exam (elaborations)

LOMA 308 Exam Study Guide with Complete Solutions
 3 views  0 purchase
  • Course
  • LOMA 308
  • Institution
  • LOMA 308

LOMA 308 Exam Study Guide with Complete Solutions Transfer payments - Answer️️ -A payment made by a govt for which no goods or services are given in return Intermediation - Answer️️ -The transfer of funds from savers to borrowers through the services of a financial intermediary Produc...

[Show more]

Preview 3 out of 18  pages

Document information

  • September 15, 2024
  • 18
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • loma 308 exam study guide with complete solutions

Written for

  • LOMA 308
  • LOMA 308

Seller

avatar-seller
SophiaBennett

Content preview

LOMA 308 Exam Study Guide with
Complete Solutions

Transfer payments - Answer✔️✔️-A payment made by a govt for which no goods or

services are given in return


Intermediation - Answer✔️✔️-The transfer of funds from savers to borrowers through the

services of a financial intermediary

Product (output) markets - Answer✔️✔️-A market in which businesses supply finished

goods and service to households, other businesses and governments

Labor markets - Answer✔️✔️-A market in which households offer their labor to

businesses and governments in exchange for wages or other compensation

Financial (capital) market - Answer✔️✔️-A market in which money is transferred from

savers to borrowers

Medium of exchange - Answer✔️✔️-A standardized method of making and receiving

payments for goods and services

Unit of account - Answer✔️✔️-The monetary unit in which value is expressed

Real GDP - Answer✔️✔️-Gross domestic product that has been adjusted for changes in

price levels

Per capita GDP - Answer✔️✔️-Gross domestic product divided by country's population

Final goods - Answer✔️✔️-A good that is consumed rather than a good used to produce

another product


©SOPHIABENNETT 2024/2025
7:35 PM

,Genuine progress index index - Answer✔️✔️-A measure of a country's progress and

wellbeing determined by incorporating environmental and social factors that aren't

measured by the country's gross domestic product (GDP)

Natural rate of unemployment - Answer✔️✔️-The level of unemployment caused by

people leaving the workforce because their skills are no longer needed or they are

looking for other jobs and not by a recession or other drop in economic activity. In the

US, it is believed to be ~5%

Expansion - Answer✔️✔️-The phase in the business cycle in which unemployment is low

and real GDP rises for two or more consecutive quarters

Contraction - Answer✔️✔️-The phase in the business cycle in which unemployment

begins to rise and real GDP decreases from an earlier quarter

Recession - Answer✔️✔️-A significant decline in economic activity spread across the

economy and lasting more than a few months. Unemployment is generally high and real

GDP usually falls for two or more quarters

Depression - Answer✔️✔️-A severe and prolonged downturn in economic activity

characterized by substantial increases in unemployment and significant decreases in

real GDP and available credit

Seasonal variation - Answer✔️✔️-A variation that results from routine patterns that

typically occur in the course of one year

Cyclical variations - Answer✔️✔️-A variation that results from changes that affects more

one phase on the business cycle over a period of several years




©SOPHIABENNETT 2024/2025
7:35 PM

, Random variation - Answer✔️✔️-A variation that results from changes that are either

unexpected or are one time occurrences

Coincident indicators - Answer✔️✔️-A statistical variable that tends to change about the

same time that gross domestic product (GDP) changes

Personal consumption expenditures - Answer✔️✔️-A coincident indicator that contains

figures on how much money people are spending on goods and services

Prime rate - Answer✔️✔️-the interest rate that commercial banks charge their best

customers (usually large corporations) for short-term loans

Contractual savings institutions - Answer✔️✔️-A financial institution that acquires funds at

periodic intervals on a contractual basis

Security - Answer✔️✔️-A document or certificate that represents an ownership interest in

a business (stock) or an obligation of indebtedness owner by a business, government,

or agency (bond)

Pension funds - Answer✔️✔️-A pooled account, usually managed by a financial

intermediary that holds the contributions made to employer sponsored pension plans

Pension plan - Answer✔️✔️-An arrangement under which a plan sponsor provides plan

participants w a lifetime income benefit that begins at retirement

Stocks - Answer✔️✔️-A security that represents an ownership interest in a company

Bonds - Answer✔️✔️-A security that represents a debt that the borrower (the issuer)

owes to the bond holder (the buyer)




©SOPHIABENNETT 2024/2025
7:35 PM

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller SophiaBennett. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

76658 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$10.49
  • (0)
  Add to cart