Flashcards in Vocabulary Deck (10)
Financial failure caused by an inability to pay one’s debts
Situation in which the supply of manufactured goods exceeds the demand
Sum of money paid regularly as a retirement benefit
Government practice of spending more money than is taken in from taxes
Money the government is authorized to remove from a worker’s salary and use to help support the government
Something offered as security for a loan
Economic system in which the government avoids all interference with the economy.
A loan in which a house is used as collateral.
A time when the economy is at a low