Money and the Economy
What is a synonym for the word "money"?
Currency
Cash
Capital
What kind of support does the World Bank offer to developing countries?
Loans, advice, and research
Why is it important to have a savings goal?
It provides a clear purpose for saving, which helps you stay motivated and reach your financial targets faster.
What is consumerism?
The habit of buying and consuming a large number of goods
What is an entrepreneur?
Someone who starts and runs a business
What is the difference between saving and investing?
Saving is keeping money safe; investing is using it to earn more.
How can financial organizations like the World Bank help reduce poverty?
By financing development projects
How can inflation impact people's daily lives?
It reduces what people can buy with their income.
What is marketing mainly about?
Promoting and selling goods or services to customers
How do innovation and creativity help businesses?
They make products and services more attractive and efficient.
How can a person make their money grow over time?
By investing in profitable opportunities
Which other major financial organization was founded at the same time as the World Bank?
The Internation Monetary Fund (IMF)
What does globalization mean in economic terms?
The process of countries becoming more connected through trade and technology
How does advertising influence consumer behavior?
It helps people recognize and desire certain brands.
What is one risk of starting your own company?
Losing your investment
What are the advantages of borrowing money from a bank and not from a payday business?
Where are the headquarters of the World Bank located?
In Washington D.C., USA
What does the idiom "money talks" mean?
Money has a strong influence on people's actions and decisions.
Why do companies use psychology in marketing?
To understand and influence customer decisions.
How is the job market changing in today's globalized world?
Workers need to adapt to technology and new markets.
What does the idiom "to make ends meet" mean?
To have just enough money to live on
How many offices does the World bank have worldwide?
More than 170 offices
What does the word "tariff" mean?
A tariff is a tax a government places on imported goods and services.
What is one ethical concern about neuromarketing?
It may manipulate consumers' subconscious choices.
Why is lifelong learning important in business and economics?
Because industries and markets constantly change