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Management (62)
33:620:301 (46)
Xi Wang (3)
Final

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Department
Management
Course
33:620:301
Professor
Xi Wang
Semester
Spring

Description
1NegativeAmortizationMortgageAmortgagewithperiodicpaymentslowerthanwhatwouldberequiredtopaytheinterestontheloanInsteadofdecliningovertimetheprincipleowedincreasesasunpaidinterestisaddedtoit2BalloonPaymentAprinciplepaymentdueinalargelumpsumusuallyattheendoftheloanperiod3InterestRateThecostofborrowedmoney4ForeignExchangeBuyingandsellingofforeigncurrencies5LifeInsuranceAcontractthatpromisestopayasumofmoneytobeneficiariesuponthedeathofaninsuredperson6ExchangeRateThepriceofonecurrencyintermsofanother7FinancialDerivativesFinancialcontractslikeforwardsfuturesoptionsandswapsthevalueofwhichderivesfromthepriceofsomeunderlyingassetsuchasacommodityaninterestrateoraforeigncurrency8MicrolenderAcompanyornonprofitentitythatmakesverysmallloanstoimpoverishedselfemployedindividuals9HousingBubbleAtypeofeconomicbubblethatoccursperiodicallyinlocalorglobalrealestatemarketsItischaracterizedbyrapidincreasesinvaluationsofrealpropertysuchashousinguntiltheyreachunsustainablelevelsandthendecline10EconomicBubbleAtradeinproductsorassetswithinflatedvalues11LeverageBorrowingmoneytoamplifytheoutcomeofadeal12SubPrimeLendingMakingloanstopeoplewhomayhavedifficultymaintainingtherepaymentscheduleTheseloansarecharacterizedbyhigherinterestratesandlessfavorabletermsinordertocompensateforhighercreditrisk13BankAfinancialestablishmentthatinvestsmoneydepositedbycustomerspaysitoutwhenrequiredmakesloansatinterestandexchangescurrency14MortgageBackedSecurityBondbackedbyapoolofmortgages15AssetBackedSecurityAsecuritywhosevalueandincomepaymentsarederivedfromandcollateralizedorbackedbyaspecifiedpoolofunderlyingassets16TheInvisibleHandThetermeconomistsusetodescribetheselfregulatingnatureofthemarketplacecoinedbyeconomistAdamSmithIndividualambitionbenefitssocietyeveniftheambitioushavenobenevolentintentions17ConsumerSurplusInastandardsupplyanddemandgraphthatareaabovethepricelineandbelowthedemandcurve18FederalReserveNotesFiatpapermoneyissuedbyAmericascentralbanktheFederalReserve19CommodityMoneyFormsofmoneythathaveintrinsicvalueasacommodity20RepresentativeMoneyIntrinsicallyvaluelessornearlysotokensthatcanbeexchangedforcommoditiesatafixedpredeterminedrate21BalanceSheetAfinancialstatementshowingthesumorstockofaneconomicentitysassetsthingsownedandliabilitiesthingsowedAssetsshouldequalliabilitiesincludingequityakacapitalornetworth22AutomaticTransferfromSavingsAccountATSAnaccountthatautomaticallymovesfundsfromyoursavingsaccountifyourcheckingaccountisdepleted23SweepAccountsAccountssonamedbecauseatthecloseofabanksbusinessdayacomputerprogramsweepsbalancesoutofcheckingaccountsinveststhemovernightandcreditsthemandtheinterestearnedbackthenextmorningjustbeforethebankresumesbusiness24MoneyMarketMutualFundMMMF
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