Financial Literacy
A medium of exchange/currency. Something that has value.
DOUBLE POINTS!!!
What is money?
An organization engaged in commercial or industrial activities.
What is a business?
Pieces of ownership within a business.
What is a stock?
A contract that protects people from unexpected events.
What is insurance?
Has other values beside being a medium of exchange/currency.
DOUBLE POINTS!!!
What is commodity money?
An account that allows the parent to supervise while their child gets exposure to investing and finances.
What is a custodial account?
A company's overall plan to attract customers.
DOUBLE POINTS!!!
What is market strategy?
A pool that contains multiple financial assets.
What is a mutual fund?
Term used when majority of financial assets in a market have a rise or peak in value.
DOUBLE POINTS!!!
What is bull market?
A decentralized digital ledger that records transactions across a network of computers.
What is blockchain?
A loan that is given to borrowers with high credit and trust worthiness. Lenders love this.
Private ownership of the means of production.
What is capitalism?
The market where investments, transaction and voluntary exchange of financial assets are taken place.
QUADRUPLE POINTS!!!
What is stock market?
A corporation that protects the owner from lawsuits and legal problems.
What is LLC?
One stock offers equity, the other offers royalty.
What are common and preferred stocks?
A form of a digital asset based on network that is distributed across computers.
What is cryptocurrency?
The process of planning, organizing and leading the activities of a business to reach its goals.
QUATRUPLE POINTS!!!
What is business management?
A contract where the investor lends money to the borrower and is repaid over time with interest; usually used to fund projects.
What is a bond?
The measure of inflation in the United States.
TRIPLE POINTS!!!
What is Consumer Price Index?
Allows for you to not pay your taxes legally; rich people use it all the time.
What is tax avoidance?
A tax imposed on imported and exported from foreign countries.
TRIPLE POINTS!!!
What is a tariff?
The necessary paperwork and filing of the business.
What is business registration?
The income paid to shareholders of a company, the more and longer ownership they have. This is considered passive income.
What are dividends?
The three things included in an insurance contract.
What is policy limit, deductible, and premium?
A net for the lender if the borrower defaults on the loan.
TRIPLE POINTS!!!
What is Private Mortgage Insurance?