business quiz

lender of last resort

central bank or international organization that lends money to banks or countries in difficult financial periods when they cannot borrow from anywhere else

creditor

A person to whom money is owed

lender

an organization or person that lends money.

depositor

One who makes a deposit, or has an amount deposited.

borrower

a person or organization that borrows something, especially money from a bank

saver

a person who saves money regularly

predecessor

one who came before

downturn

a decline in economic and business activity

Liquidity

the fact of being available in the form of money, rather than investments or property, or of being able to be changed into money easily

Intermediaries

someone who carries messages between people who are unwilling or unable to meet

bank run

a period when many people take their money out of a bank because they are afraid the bank will lose it or go out of business

plunge

to go down suddenly

premises

house or building and its surrounding property

providing credit

offering a range of financial solutions to consumers

new entrants

businesses that want to enter the market

dip into

Take money out of your savings

pool

the grouping together of resources (assets, equipment, personnel, effort, etc.) for the purposes of maximizing advantage or minimizing risk to the users

returns

profit earned through investing

asset

something having value, such as a possession or property

maturity

the time at which payment to a bondholder is due

deposit

a sum of money placed or kept in a bank account, usually to gain interest.

redeem

to exchange shares or bonds for cash

loan

an amount of money that is borrowed, often from a bank, and has to be paid back,

collapse

Complete failure and ruin

depositors

people who put money into banks

consistent

done in the same way over time

scrouge

sth that causes great trouble or suffering

underestimated

sth that has been assesed as less important or smaller

at large

as a whole; in general

defunct

no longer existing or functioning

underplay

to show sth as less important

joblessness

unemployment

monetary policy

managing the economy by altering the supply of money and interest rates

capacity

the maximum amount that something can contain.

Disinflation

a reduction in the rate of inflation

intrest rate

the interest percent that a bank or other financial company charges you when you borrow money

price gouging

Pricing products unreasonably high when there is a high demand resulting from a monopoly or a natural disaster.

wage-price spiral

a rise in prices that causes a rise in the amount that workers earn, which increases the cost of producing goods, making prices rise again

underpinned

support, justify, or form the basis for

unprecedented

never having happened before

substantially

to a large degree