Terms
Putting your money into something to gain profit over time
Investing
Socialist country
Sweden, Denmark, Finland, Norway
If Lebron James creates new Nike shoes, what happens to the price of Nike shoes?
It increases
Provincial tax rate:
10%
The increase of price over time
Inflation
Where interest rates are determined
The Bank of Canada
If there is less lettuce being produced around the world, what will happen to the price of lettuce?
It will increase
Federal tax rate:
5%
Making trades based on inside information
Insider trading
Where trades are made in New York City
Wall Street
Sales
What is the federal government tax called?
GST
Term for measuring the value of goods and services produced within a country
GDP (Gross Domestic Product)
The central bank sends money back and forth to:
Branches
If it costs Marathon's more money to purchase pork for their souvlaki, what will happen to the cost of their food?
It will increase
What is the Quebec government tax called?
QST
RRSP
Where American money is created
Federal Reserve
If demand goes down, what will happen to price in the long run
It will decrease
3 things we get taxed on
Income/property/purchased goods