Economy
The amount of a good or service that consumers are willing and able to buy at different prices.
What is Demand?
Extra money on top of your paycheck.
What is a bonus?
The amount paid monthly to occupy a property.
What is rent?
Place your money into this for a fixed amount of time and a fixed interest rate.
What is a CD OR what is a Bond?
The Federal Reserve will raise this if trying to slow down the economy.
What are interest rates?
Supply exceeds demand.
What is a Surplus?
Interpersonal or people skills that can be used at any job.
What are soft skills?
Insurance that covers a tenant’s personal property and liability.
What is renters insurance?
According to Einstein, this is the eighth wonder of the world.
What is compound interest?
Unlike sales tax, income tax is this kind of tax.
What is progressive?
What we lose when we make a decision.
What is Opportunity Cost?
Sick leave, vacation day, paid holidays, bereavement leave.
What is Paid Time Off (PTO)?
An estimate of income and expenditure for a set period of time.
What is a budget?
The original amount of money that’s borrowed in a loan or put in an investment.
What is principal?
A specific dollar amount you can deduct from your taxable income.
What is a standard deduction?
Market structures can be a perfect competition, monopolistic competition, pure monopoly, or this.
What is Oligopoly?
Pays for medical expenses if injured at work.
What is workers compensation?
The landlord must provide this before entering a leased unit.
What is 24-hour notice?
When you apply for credit (credit card, car loan, mortgage…) this can impact your credit score.
What is a hard credit inquiry?
A tax form that you fill out when you are hired for a job.
What is a W-4?
The four factors of production.
What are
Land
Labor
Capital
Entrepreneurship
A type of benefit that gives confidential counseling and support services to workers who are having personal or work-related difficulties.
What is an employee assistance program (EAP)?
Gives every dollar a job so that no money is left unaccounted for.
What is zero-sum/based budgeting?
Market capitalization between 2 and 10 billion dollars.
What is Mid-Cap?
When your taxes are due.
When is April 15th?