Economic Term

Question 0

A system of money, or the bills and coins themselves, used in a particular country

Answer 0

Currency

Question 1

To control or supervise something by means of laws or rules

Answer 1

Regulate

Question 2

Cost of borrowing money over a period of time or the price that lenders charge borrowers for the use of the lenders’ money

Answer 2

Interest rate

Question 3

The value of a currency against another one

Answer 3

Exchange rate

Question 4

A national bank that provides financial and banking services for its country’s government and commercial banking system

Answer 4

Central bank

Question 5

The way a central bank controls the amount of money in the economy at a particular time, for example by changing interest rates.

Answer 5

Monetary policy

Question 6

The irregular rise and fall of a number or amount

Answer 6

Fluctuate

Question 7

To buy goods, shares, property, etc. In the hope that their value will increase so that they can be sold for a profit

Answer 7

Speculate

Question 8

A general increase in the price of goods and services and a fall in the relative value of money

Answer 8

Inflation

Question 9

The percentage increase in prices over a given time period

Answer 9

Rate of inflation / inflation rate

Question 10

A unit of measure used in the financial world to describe the percentage change in the value or rate of a financial instrument. One basis point is equivalent to 0.01% or 1/100th of a percent

Answer 10

Basis point