Money
Currency used in the USA
What is the US Dollar?
This signifies that you own a portion of a company.
What is a Stock?
This is a product that allows you to pay with funds not yet acquired and pay at a later date.
What is a credit card?
a single rate charged to everyone regardless of income.
What is a flat tax?
This is where you can store money at an institution.
What is a bank account?
An IOU issued by an entity that will be repaid with interest.
What is a bond
This is a product that allows you to pay with funds already deposited in your bank account.
What is a debit card?
The amount you pay to the state government when you buy a product.
What is Sales tax?
This is when the purchasing power of money decreases over time
What is Inflation
Money paid to shareholders for owning company stock.
What is a dividend?
What is a Credit Limit?
What is Infrastructure, public programs, and services (various answers ok)
The concept that a sum of money now is worth more than the same sum at a later date.
What is the Time Value of Money?
This is an account that allows you to invest in stocks and bonds
What is a brokerage account?
The number assigned to a person to help financial institutions determine the level of risk associated with lending money to individuals.
What is Credit Score?
This is a tax paid on business profits
What is corporate tax
The rate on savings calculated on both the initial principal and the accumulated interest from previous periods.
What is Compound Interest?
A tax deferred retirement plan.
What is a 401k?
A moneylender who charges extremely high rates, usually under illegal conditions.
What is a loan shark?
This is the day personal taxes are typically due.
What is April 15th?