Economics
High value of a nonessential item and the low value of an essential item.
What is paradox of value?
Limited Life applies to:
What is a sole proprietorship?
Most common savings account
Pays the interest on a loan
What is a borrower?
Does not have to be repaid
The most comprehensive measure of a nation's wealth
What is Gross Domestic Product (GDP)?
Business owned by two or more people
What is a partnership?
What is a budget?
Yearly interest generated by a sum that's charged to borrowers or paid to investors.
What is APR?
Part-time employment at a university
What is a work-study program?
The dollar value of all final goods, services, and structures produced in a country in a year
What is Gross Domestic Product? (GDP)
Recognized as separate legal entities
What is a corporation?
Account that allows customers to easily deposit and withdraw funds with checks or debit cards
What is a checking account?
Apply for a secured credit card, pay bills on time, keep utilization under 10%
What is ways to build your credit?
Taking a CLEP tests, applying for employer reimbursement, taking dual enrollment courses
What are nontraditional ways to pay for college?
Comparison of the cost of an action to its benefits
What is cost-benefits analysis?
Renting or leasing a name, product, and way of doing business
What is a franchise?
Depositors must "purchase" a certain amount for a set period of time
This stays on your record for a long time
What is bankruptcy?
On campus place to live
What is a dorm?
A market in which all financial assets can be sold to someone other than the original issue
National advertising, instant access to a successful product, and professional advice when needed
What are the advantages to being a frachisee?
Reducing risk in your investments
What is portfolio diversification?
Instrument of indebtedness
What is a bond?
Saving money on property taxes, not performing maintenance, cheaper monthly insurance
What are the benefits of renting?