Fictional resource rich country
What is Wakanda?
legal document that allows you to put your money in a “trust” while you are still alive & choose someone to manage it
What is Living Trust?
The amount that you pay before your insurance plan begins to pay
a bank account where you can make cash withdrawals or deposits
What is a checking account?
Represents only 25% of spending
What is Discretionary Spending?
Guy tries to make a living and support his son
What is The Pursuit of Happyness?
Legal document detailing asset distribution and guardianship
What is a will?
Transfers the risk from an individual to the insurance organization
What is insurance?
Established the Federal Reserve System to provide stability and regulate the money supply, this act aimed to address issues of bank panics and ensure a safer financial system.
What is the Federal Reserve Act (1913)?
Interest paid by the government minus the interest and investment income it receives
What is Net Interest?
Gives others access to your medical info
What is HIPAA Authorization?
Set rate you pay for prescriptions, doctor visits, and other types of care. Does Not count toward your deductible.
What is copay?
Introduced reforms to prevent bank failures and established the FDIC to insure deposits, this act sought to restore confidence in the banking system after the Great Depression.
What is the Banking Act of 1933 (Glass-Steagall Act)?
The use of government spending and taxation to influence the economy
What is Fiscal Policy?
Chris Gardener managed to complete this in a single taxi ride
Can be changed or canceled at any time while you are alive
What is Revocable Living Trust?
Percentage of costs you pay after you've met your deductible
Triggered by the collapse of the housing market and subprime mortgage crisis, leading to massive bank bailouts, this crisis highlighted systemic risks in the banking sector and raised concerns about regulatory oversight.
What is the 2008 Financial Crisis?
A set of actions available to a nation's central bank to achieve sustainable economic growth by adjusting the money supply.
What is Monetary Policy?
Machine Guy Gardener had to sell
What is a portable x-ray?
The process of organizing and arranging your affairs to manage and distribute your assets upon death or incapacitation.
What is Estate Planning
Payments to replace earnings when you cannot work due to illness or injury
What is disability?
Deposit account designed to hold money you don't plan to spend immediately.
What is a Savings Account?
The lowest legal price that can be paid in a market for goods and services, labor, or financial capital.
What is a Price Floor?