Economics Questions

What do we call an increase in real GDP?(Economics growth is the increase in real GDP of a country)

What is a consequence of low incomes in LEDCs?(A common characteristic of low income in LEDCS is having a low standard of living)

Which of the following is an example of an informal urban sector?(A informal urban sector is an area were it was not planned out to be urbanized yet many people live in this area)

When does economic development occur?(Economic development is the improvement of the general welfare or standard of living in an economy over time. *Economic growth does NOT always lead to economic development)

Which of the following is a domestic factor of low economic development?

In some countries, women are not allowed to work by law. Why does this cause a problem to economic development?

A non-profit financial institution formed by people who have like occupations or live in the same community

A secured area in a bank vault for storing valuables

A federal agency that protects depositors' money in case of the failure of a bank or financial institution that it regulates

A bank that offers a full range of financial services

A bank owned by depositors that mainly handles savings accounts and makes loans to home buyers

A nationwide banking plan set up by our federal government to supervise and regulate member banks

A financial institution that specializes in making loans for long-lasting or durable goods and financial emergencies

A financial institution that specializes in savings accounts and loans for mortgages

Financial institutions that specialize in managing the money and property of others

paid twice a month, so divide net pay by 2 to get:

a fee a bank charges for handling a checking account

A member of a credit union who is also a deposit is also called a stockholder

withdrawals made on a members shares of owner ship (deposits) in a credit union

a separate form on which the depositor keeps a record of deposits and checks