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10 cards from this deck
Economy where goods/services bought & sold using money
Barter problem: both parties must want what the other offers
Money function enabling trade without barter
Modern money with no intrinsic value, accepted by confidence
Ease of converting asset to cash without loss of value
Undated financial assets representing ownership in a company
Fixed annual interest payment on a bond
Inverse: when interest rates rise, bond prices fall
Money: short-dated assets; Capital: long-dated debts & shares
Primary: new securities sold; Secondary: existing ones traded
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