Credit
This is the ability to borrow money now and pay it back later.
What is credit?
Government regulated money that a country officially services.
What is currency?
This represents a unit of ownership in a company that investors can buy and sell.
What is a share?
The rate that measures economic conditions that result in scarcity in job availability.
What is unemployment rate?
The type of tax that is taken directly out of most employees’ paychecks before they receive their net pay.
What is income tax?
Who is Mr. Arthur?
The annual cost of borrowing money on a credit card.
What is APR or Annual Percentage Rate?
Electronic based currency not regulated by the government.
What is cryptocurrency?
This stock market index tracks 30 major U.S. companies and is often used to measure the overall market’s performance.
What is the Dow Jones Industrial Index?
This term describes a period when the economy slows down and overall spending decreases.
What is a recession?
This tax is charged on most goods and services at the time of purchase and varies by state or locality.
What is sales tax?
The most popular and most valuable electronic based currency.
What is bitcoin?
Making only this type of payment on a credit card causes interest to continue adding to the balance.
U.S. organization that is responsible for printing paper currency.
What is the US Mint or Bureau of Engraving and Printing?
This stock market index is known for tracking many technology-focused companies.
What is Nasdaq?
This economic system is based on private ownership and decisions made by individuals and businesses.
What is capitalism?
The government service that is responsible for determining all taxes and tax rates for all American citizens.
What is the IRS?
According to recent financial surveys, this percentage of Americans report living paycheck to paycheck, highlighting how little margin for error many households have.
What is 67% ?
This three-digit number represents how risky a borrower appears to lenders.
What is a credit score?
What is inflation?
Stock investments spread over multiple different companies as opposed to a singular one.
What is a mutual fund? Or what is diversification?
This term describes a period of growth and rising employment.
What is economic expansion?
This document must be filed annually to report income, deductions, and taxes owed or refunded.
What is a tax return?
This federal program protects bank deposits (up to a certain limit) if a bank fails.
What is the FDIC?
Paying your full credit card balance every month helps you avoid this extra cost.
What is interest?
The country in which paper-based currency was invented?
What is China?
The term that applies to a stock market that contains declining prices, low investor confidence and high selling levels to avoid losses.
What is a bear market?
This institution controls the money supply and interest rates in the United States.
What is the federal reserve?
This term describes money owed to the government when too little tax was withheld during the year.
What is tax liability?
You know the answer.
Who is Steve?