Final Review Part 3

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In a market economy, a country's economic health depends on business doing well.

Because the depositor's money is not accessible until the maturity date, the interest rate on a CD is lower than that of a regular savings account.

Exchange rates change from day to day and country to country.

Treasury bills are sold in units of $10,000.

Interest earned on both the principal and any interest earned on the principal is compound interest.

The federal government uses credit to pay for many of the services and programs it provides to its citizens.

Only consumers with bad credit have a credit report.

Trading goods and services allows countries to meet their individual wants and needs as well as to help their own economy.