Money Basics
What is the money people earn from working called?
Income
What currency is used in the United States?
U.S. Dollars
Abraham Lincoln
What's the stock market?
A place where people buy and sell shares of companies
What’s it called when you spend less money to save more?
Budgeting
What is a budget?
A plan for how to spend and save money
What is Japan's currency called?
Yen
What's the name of the event in 1929 when the stock market crashed?
The Great Depression
What animal symbolizes a rising market?
a Bull
What's a credit card used for?
Borrowing money to pay later
What does ATM stand for?
Automated Teller Machine
What country uses the Euro?
Many in Europe (France, Germany, Italy...)
What U.S. president created the "New Deal" to help fix the economy after the Great Depression?
Franklin D. Roosevelt
What animal symbolizes a falling market?
a Bear
What's it called when you owe money?
Debt
What's the difference between saving and investing?
Saving = keeping money safe
Investing = using money to try to make more
What's the currency in the United Kingdom?
Pound Sterling
Which president is known for the phrase "It's the economy, stupid"?
Bill Clinton
What was the first company ever worth $1 trillion?
Apple (2018)
What’s one reason people save money?
Emergencies, education, vacations, etc.
If you borrow $100 and pay back $110, what is the extra $10 called?
Interest
Which African country uses the Rand?
South Africa
What country became the world's second-largest economy after the U.S.?
China
Rhodium
What does it mean to “invest in yourself”?
Spend time or money to learn and grow