Money Moves 101
What's the difference between saving and investing?
Saving keeps your money safe; investing helps it grow over time.
What does "JSE" stand for?
Jamaica Stock Exchange.
If you save $1,000 and earn 10% interest in one year, how much will you have?
$1,100
True or False: All investments have risk.
True
What do we call a person who uses money to start or grow a business?
An entrepreneur
What is compound interest?
Interest earned on both the original amount and the interest already added
What is the name of Jamaica's main stock market index?
The JSE Index.
You invest $2,000 and earn 5% interest yearly. How much interest after one year?
$100
I’m Which is usually safer - bonds or penny stocks?
Bonds
Who is known as Jamaica’s first billionaire investor?
Michael-Lee Chin
What is inflation?
The general increase in prices over time that reduces purchasing power.
In what year was the Jamaica Stock Exchange established?
1968
You buy stock at $50 and sell at $70. What’s your profit per share?
$20
What's the relationship between risk and return?
Higher risk can lead to higher potential returns (and losses).
Which company owns the supermarket chain Hi-Lo Food Stores in Jamaica?
GraceKennedy Limited.
What does it mean to "diversify your portfolio"?
Spreading investments across different assets to reduce risk.
Who regulates Jamaica's financial markets?
The Financial Services Commission (FSC).
You invest $10,000 at 8% interest for 2 years (simple interest). How much total interest earned?
$1600
If a stocks price goes up and down a lot, what do we call that?
Volatility
Who founded NCB Financial Group?
Michael Lee-Chin.
Why is it important to start investing early?
Because your money has more time to grow through compound interest.
Why is investing in Jamaican companies important?
It helps grow the local economy and create opportunities for Jamaicans.
You invest $5,000 at 10% compound interest for 2 years. How much will you have? (Round to nearest dollar)
$6,050
If you plan to invest for 20 years, should you take higher or lower risk?
Higher risk, because there's more time to recover from losses.
Who was Marcus Garvey, and what was his economic message?
He encouraged Black economic empowerment and ownership.