Finance
It’s interest calculated on both the initial principal and the accumulated interest from previous periods. It helps investments grow faster over time.
compound interest
________ is a portion of a company’s profits paid to shareholders, usually in cash or additional shares.
dividend
______ _______ happens when government spending is more than its income.
budget deficit
What is the hardest natural substance on Earth?
Diamond
What are the three main financial statements?
Balance sheet, income statement, and cash flow statement.
What are the three main types of finance?
Personal finance, corporate finance, and public finance.
________ is the rate at which prices for goods and services rise, reducing the purchasing power of money over time.
Inflation
_____ ______ happens when government income is more than its spending.
budget surplus
What is the most spoken language in the world?
Mandarin Chinese is the most spoken language, with over 1 billion native speakers.
______ is a collection of financial investments, such as stocks, bonds, and cash, held by an individual or institution.
portfolio
What is break-even point?
The point where total revenue equals total costs.
______ is a plan for managing income and expenses to ensure you live within your means and save for future goals.
budget
Bonus points
+600
What is the fastest land animal?
The cheetah is the fastest, capable of reaching speeds up to 100 kilometers per hour (62 miles per hour).
______ ______ is a type of market where buyers and sellers trade financial assets like stocks, bonds, currencies, and derivatives.
financial market
_________ is the management of money, including investing, borrowing, lending, budgeting, and forecasting.
finance
It’s spreading investments across different assets to reduce risk. If one investment performs poorly, others may balance it out
Diversification
How does the government use public spending? (4 sectors)
Governments spend money on health, education, defense, and infrastructure.
Penalty
-300
______ _______ assesses the creditworthiness of a borrower (e.g., a company or government) and indicates the likelihood of defaulting on debt.
credit rating
It’s the idea that money today is worth more than the same amount in the future due to its potential earning capacity (e.g., through interest or investments).
time value of money
________ ________ is a financial statement that shows a company’s assets, liabilities, and shareholders’ equity at a specific point in time.
balance sheet
_______ refers to how easily an asset can be converted into cash without affecting its market price
Liquidity
What is the most widely used currency in the world?
The USA dollar is the most widely used currency for international transactions and reserves.
_____ ______ is the process of recording, summarizing, and reporting a company's financial transactions to external users like investors, regulators, and creditors.
Financial accounting