Money
What is money?
A medium of exchange/currency.
What is investing?
The action and expectation of putting money into an asset and receiving more than you initially gave.
What is capitalism?
Capitalism is an economic system where individuals own the means of production and compete in a free market to make the most profits.
What is a business?
A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities.
What is insurance?
Insurance is a contract, represented by a policy, in which a policyholder receives financial protection or reimbursement against losses from an insurance company.
What is commodity money?
Money that has intrinsic value?
What are the two ways you can invest?
Do It Yourself(DIY) investing and professionally managed investing.
What is the profit motive?
The self-interest of an individual to make the most profits and create the best consumer experience by customizing and optimizing products for best efficiency with the lowest prices.
What is business insurance?
Business insurance covers losses related to unexpected events like lawsuits, accidents, or natural disasters, among others.
What is premium?
A policy’s premium is its price, typically a monthly cost. Often, an insurer takes multiple factors into account to set a premium.
What are some factors that determine money's value?
Supply and demand, interest rates, inflation, capital flow and money supply.
What is a custodial account?
A custodial account is a financial account that an adult manages for the benefit of a minor/child or other beneficiary.
What are the three things that an enterprise could be?
A business, project or someone's initiative.
What is market strategy?
A marketing strategy is a company's overall plan for reaching potential customers and turning them into paying customers.
What is policy limit?
The policy limit is the maximum amount an insurer will pay for a covered loss under a policy.
True or False: Money is the US dollar?
False
What is the stock market?
A financial market where people invest in different financial assets from different companies and perform voluntary exchange.
What are the different things and forms that help create the foundation of capitalism?
Socialism, Feudalism, Oligarchy, Democracy and Republic.
A business that protects the owner(s) from lawsuits and other troubles.
What is LLC?
What is deductible?
The deductible is a specific amount you pay out of pocket before the insurer pays a claim.
What is capital flow?
Capital flow refers to the movement of investments, money, and financial assets across international borders.
Name three investing platforms.
S&P 500, Vanguard, Webull, Fidelity Investments, and E-Trade.
Name five capitalist countries.
USA, UK, Singapore, Switzerland, Ireland, New Zealand, Taiwan, Australia, Canada, Denmark, Germany, Austria, Chile, etc.
Name five factors that are important to a business.
Money, Economics, Insurance, Market Strategy, Management, Business Registration, Products and Service, Website, Mindset, etc.
What are the four types of insurance?
Life, health, auto and home insurance.