Taxes
A mandatory financial charge imposed by a government to fund public services and infrastructure
Taxes
Allocating money with the expectation of generating an income or profit
Investing
Stealing someone else's personal information to obtain a credit card in their name
Identity Theft
The study on an economy as a whole, focusing on large scale economic factors
Macro-economics
Who always wins at a casino?
The House (i.e. the casino)
3 types of tax
Income, Payroll, Sales, Property, Excise, Gift, Capital gains, Sin
Concept of earning interest on both initial investment and accumulated interest over time
Compound Interest
Use a strong ___ for access to your online accounts
Password
Rate at which the general level of prices for goods and services rises, eroding purchasing power
Inflation
In blackjack, never hit on...
17
In 1698, Russian emperor Peter the Great imposed a tax on these to encourage men to adopt western European styles
Beards
Minimizing risk by spreading investment across different asset classes
Diversification
Types of personal information to be careful about giving out
Name, Birthday, Address, SOCIAL SECURITY NUMBER
A significant, widespread, and prolonged downturn in economic activity
Recession
In craps, a roller wants to hit their "point" number before rolling a...
7
US astronauts have to pay taxes on earnings while in space, T or F?
True
Type of investment where you loan money to a company or government
Bonds
Type of scam involving fake prize requiring you to pay a fee or provide personal information
Lottery/Sweepstake scam
Over the last several decades, the US's trade deficit has ballooned through the importation of?
Manufactured goods
Never wager more than the amount that you can afford to...
Lose
In simple terms, this is the formula for income tax liability
INCOME x RATE
When buying stocks, you make money through the receipt of ______ and selling the stock and realizing a ________.
Dividends and Capital Gains
Scam promising high returns and little risk, often using new investor money to pay old investors
Ponzi Scheme
The US Federal Reserve Bank's "duel mandate" tries to manage optimal levels of
Maximum employment and price stability
A come out role in craps wins if the roller rolls a...
7 or 11