a plastic card which is used instead of money to pay for goods and services. The cost is charged to one’s account and paid later
“I owe you” – a piece of paper saying that one owes a certain amount of money to someone, signed and dated, forming a simple acknowledgement of a debt
the amount of reserves that banks are required by law to keep, as a fraction of demand deposits
a financial intermediary with a government license to make loans and issue deposits
money invested in a bank account that pays interest and for which the bank needs a notice in advance if the money is to be taken out
combination of stagnation and inflation, i.e. existence of high unemployment and recession and high rates of inflation at the same time
the percentage of people in the labour force who cannot find a job but are looking for it
a small plastic card with a memory chip
a bank account which usually earns little or no interest and from which money can be taken out at any time by cheque
the desire to hold money for the purpose of making purchases or expenditures in the near future
gradual intensification of inflation
alternative measures of the money supply which differ from each other according to which types of deposits are included
money in the form of coins and notes
inflation that occurs when restrictions are placed on the supply of factor inputs, or, when the prices of those inputs are increased
unemployment resulting from changes in economy itself
the ability of the banking system to lend (create money) by a multiple of its excess reserves
(see Bank deposits multiplier or Money multiplier) the ratio of potential change in the money supply to an initial change in excess reserves
a plastic card which is used instead of money or a cheque to pay for goods and services. The cost is taken directly from the user’s bank account. Debit cards can also be used to obtain money from cash dispensers
a special printed form filled in a signed by a person (the drawer) asking a bank (the drawee) to pay a sum of money to someone (the payee)
a financial institution that provides insurance
middlemen who bring borrowers and lenders together
the cost of borrowing money expressed as a percentage of the capital borrowed (úroková míra)
the rate of interest charged by a central bank to commercial banks that borrows from it
(see Moderate inflation) single-digit inflation
a bank that provides finance for companies, esp. by buying stocks and securities and selling them in smaller units to the public
assets kept by a bank to be able to provide cash in exchange for deposit balances when needed
general decrease in prices
a state-owned bank which controls the amount of money available and the general banking systems in a country, and influences interest rates
gold or silver in the form of bars not coins
(see Credit multiplier or Money multiplier) the ratio of potential change in the money supply to an initial change in excess reserves
the act of sending or transferring money; the amount sent
all people of working age, both employed and unemployed
financial assets which perform the functions of money when a fairly narrow definition of liquidity is applied
the fact that payments to be made in the future are usually specified in terms of money
an arrangement where goods and services can be received now and paid for later, within an agreed period
money that has value as a commodity as well as in its role as money, such as precious metals, cows, tobacco, or other tangible goods
the easy and speed with which an asset can be converted into a medium of exchange
(see Current Account) a bank account which usually earns little or no interest and from which money can be taken out at any time by cheque
a method used by central banks to control the level of interest rated by influencing conditions in the money market by buying and selling bonds and securities in the open market, thus reducing or increasing the funds available in the market
a general continuous increase in the average level of prices of goods and services in the economy
a type of a current account used mainly by employees
(also called: high-powered money) cash in circulation with the public plus bank’s till money and bank’s operational deposits at the central bank
inflation that occurs when total planned spending increases faster than total output, i.e. when too much money is chasing too few goods
the desire to hold money as one of many kinds of financial assets, negatively related to the interest rate
a measure of value and a standard of comparing values of different goods and services
inflation of four or more digits
an asset which can be used almost as if it were money although it is not
single-digit inflation
reserves held by banks in excess of the amounts required by law that are available to lend
double or triple digit inflation
a financial institution that specializes in providing services such as savings accounts as opposed to general banking services
the ability to store wealth or purchasing power for future use
(see Credit multiplier or Bank deposits multiplier) the ratio of potential change in the money supply to an initial change in excess reserves
a transferable document issued by a bank as evidence that a large sum of money has been lent to the bank for a fixed period of time
unemployment caused by new entrants to the job market and people who have left their jobs to look for and find other jobs
money collected from employers and employees, or by the State, and invested to provide future pensions
any article which is widely used because it forms a convenient and commonly acceptable means of payment when goods are exchanged, bought and sold
a customer’s instruction to a bank to pay a certain amount to another person or organization at regular intervals
a definition of money including financial assets which are relatively liquid, but not as liquid as narrow money items. A financial asset, which would be regarded as narrow money, would also fall within the definition of broad money, but broad money extends the range of assets, which are regarded as money
one of a series of payments, usually as a means of buying goods
(ses Cheque) a special printed form filled in a signed by a person (the drawer) asking a bank (the drawee) to pay a sum of money to someone (the payee)
a bank account kept in a foreign currency
a payment to someone for providing a service or a good, usually a percentage of the total value of the deal
a book that lists all payments into and withdrawals from a savings bank account
a loan made by a bank to a customer so s/he may withdraw more money than is actually in the bank account
a place where valuable things are stored
a signed document, such as a Cheque, that orders a person or an organization, such as a bank, to pay a fixed sum of money on demand or on a certain date to the person specifies
the control, by the government, of a country’s currency and its system for lending and borrowing money, esp. through the supply of money
any form of money which by law must be accepted when offered in payment
an amount charged for money borrowed
(see Labour force) all people of working age, both employed and unemployed
1) any kind of money that is in general use as cash, passing from person to person, such as coins and banknotes, 2)the money of a particular country
(see Hyperinflation) inflation of four or more digits
information or a warning given in advance about something that is going to happen in the future
an investment or item of financial value, esp. a stock, share or debenture, that can be bought and sold on a stock exchange
money provided by a bank to companies and to private persons in the form of loans and overdrafts
the system of exchanging goods for other goods rather than for money
the relation between a bank’s total cash reserves of notes, coin, etc. and its total deposit liabilities
unemployment resulting from fluctuations in economic activity
(see Money supply) the total of all the money held by all persons and organizations in a country at a particular time; the whole of a country’s existing stock (or supply) of money to hold as a liquid asset
the total of all the money held by all persons and organizations in a country at a particular time; the whole of a country’s existing stock (or supply) of money to hold as a liquid asset
a letter from one bank to another bank, by which a third party, usually a customer, is able to obtain money
a process by which cheques and other payments are passed through the banking system until the transactions are completed