In investing, this is the term used when prices are rising in general.
What is a bull market?
100
This type of business has the simplest form of accounting.
What is a service business?
100
This is the term used for things of value that are owned (ex: cash, vehicles, buildings, machinery, office equipment, money owed to the business)
What are assets?
100
I = Prt
What is simple interest?
200
These types of savings plans have a fixed rate of return for a set time period ( 30 days to 5 yrs). ( 2 names)
What is a GIC and Term Deposit?
200
This is the name of Canada's stock exchange.
What is the TSX or Toronto Stock Exchange?
200
This is what a business owner declares for income tax purposes. It is also the amount resulting from deduction of expenses from gross profit.
What is net income or net profit?
200
This is the term that describes the debts of a business (ex: accounts payable).
What are liabilities?
200
A = P(1+i)n
What is compound interest?
300
This is a tax free way to save for retirement (except it is taxed when you withdraw the money).
What is an RRSP?
300
These are active, leading and well seasoned stocks with long time divided records and strong investment qualities (i.e. GM, Bell Canada, etc.)
What are Blue Chip Stocks?
300
This form of accounting is the most complex.
What is manufacturing business?
300
This is the term used to describe the owner’s investment in the business (portion owned).
What is equity?
300
These are issued by retailers, banks, travel/entertainment companies and have limits based on your credit score. If they are not paid on time they have very high interest rates.
What are credit cards?
400
This form of savings is used to save for post-secondary education. It is taxed on withdrawal of the money, but because students have low incomes there is minimal tax implications.
What is an RESP?
400
This type of investment allows you to become part-owner (shareholder) of a company.
What is a stock?
400
This is the term used for the value of items sold throughout the year.
What is cost of goods sold?
400
A businesses ability to pay its short term debts is called this.
What is working capital?
400
This is the term for the privilege of using someone else’s money for a period of time.
What is credit?
500
This organization guarantees all savings accounts up to $ 60 000.
What is the Canadian Deposit Insurance Corporation?
500
This type of investment is run by a manager who decides where your pool of money is invested.
What is a mutual fund?
500
A fiscal year is usually this many months.
What is 12 months?
500
This is the type of balance sheet used when looking at two consecutive years.