Value of the Dollar
Banks/banking
Finance
Tax
Bonus
100
What is the value of the dollar?
What ever you can buy with it ( buying power )
100
What is the main way banks make their money?
From charging interest on loans
100
What is your budget?
The way your money is divided
100
What are taxes?
An additional charge placed on items that are purchased
100
What is a deposite account hold of a bank?
Savings account
200
What is the difference of inflation and deflation?
Inflation is when too many dollars chase too few goods Deflation is when too few dollars chase too many goods
200
This is a number score from 1-750. What is this called?
Credit rating
200
What is money spent on goods or services?
Expenses
200
When the government collects a percentage of all income that you earn this is called ________. Fill in the blank
Income Tax
200
What does supply and demand do?
The relation between supply and demand determines the pria of a commodity
300
What does the federal reserve do for the government?
Controls all the money in the U.S. and is owned by private citezens
300
When you borrow money you have to pay that person/business extra money for using their money. What is that money you need to pay back called?
Interest
300
Say the government needs immediate money so they sell a promissory note to you. What is the promissory note called?
Bond
300
What is it called when you buy something and the government puts tax on that?
Sales tax
300
What is government intervention?
Regulatory actions taken by the government to interfere with decision.
400
What is buying power?
The value of money is measured by what you can buy with money
400
If someone needs money to borrow at a bank what would they say they would need?
They would say they need a loan
400
If you own a stock of a company. What can you call those stalks?
Shares( which is the number of stocks you own.)
400
When you go and buy some nessesities like gas or tires you have to pay an extra tax what is this tax called?
Excise tax
400
How many different taxes are there?
4 different taxes
500
This is the total stock of money in the economy. What is this called?
Money supply
500
When a bank closes this is called_______. Fill in the blank
Bank failure
500
Once people pull their money together for a mutual fund what do they normally do next?
Let professional investors buy stocks for you
500
This is a suplimary tax and it is on alcohol, tobacco,and drugs and things like that. What is the normal name for this tax?
Sin tax
500
What is the bar that Peter griffin goes to in family guy?
The drunken clam
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