Economics
A sustained period of declining economic activity characterized by falling output, rising unemployment, and decreasing prices
What is recession/depression
An account of a person’s education, qualifications and work history that is used for gaining employment.
What is a resume?
A well-known Index Fund that contains tech-related companies
What is the NASDAQ?
This independent agency created by Congress insures bank deposits up to $250,000
What is the FDIC?
Known as the "Oracle of Omaha" for his successful investments and is considered one of the most successful investors in the world, also the owner of Berkshire Hathaway
A measure that is commonly used to gauge the overall health of an economy, calculated as the total value of all final goods and services produced within a country's borders in a given period
What is GDP?
A workplace retirement plan that allows employees to make annual contributions from their pre-tax income to invest for after retirement.
What is a 401k Plan?
The full name for an ETF
What is an Exchange Trade Fund?
These are 2 of the 4 Ps of Marketing.
What are Product, Promotion, Price, and Place?
The ability to understand and effectively use various financial skills, such as budgeting and investing as well as personal financial management
A situation where a lack of supply, or excessive demand leads to a supplier being unable to continue a good or service without increasing the price
What is a Shortage?
The most common or popular budgeting plan
What is the 50/30/20 budget?
The term used to describe the portion of holdings a company distributes to its share-holders
What is Dividend-Yield?
This type of financial statement provides a snapshot of a business’s finances at a specific moment in time. Assets should equal the sum of liabilities plus equity.
What is a balance Sheet?
This U.S. agency, created in 1913, serves as the central banking system of the country and regulates monetary policy.
What is the Federal Reserves?
A two word 4 letter each term used to describe a "retrospective cost" or a cost that has already been incurred and can not be recovered
What is Sunk Cost?
The most common type of College Saving Plan
What is a 529 Plan?
The full form of REITS
What is Real Estate Investment Trusts?
This type of corporation is a pass-through entity that separates a company’s assets from its owners and cannot have more than 100 shareholders.
What is a S-Corporation?
This economic theory, named after a British economist, argues that the government should increase spending during economic downturns to stimulate demand and boost economic growth.
What is Keynesian Economics?
The theory that suggests countries should specialize in producing goods or services in which they have a comparative advantage and trade with other countries for goods or services in which they have a disadvantage
What is the theory of comparative advantage?
The name for the interest rate given on credit cards
What is an APR?
An options trading strategy where the trader sells a call option while owning the security(stock)
This quality-control methodology aims to improve operations efficiency by reducing defects and increasing quality and efficiency, aiming for a maximum of 3.4 errors per million opportunities.
What is Six-Sigma?
This international agreement was signed in 1994, and created a framework for reducing trade barriers and established rules for global trade
What is NAFTA?