Stock Market
What are the 4 basic elements of the stock market?
Buy, Sell, Trade, Invest
What were the 4 states taxes discussed in the presentation?
California, Texas, New York, Arizona
What were the two types of spendings discussed in the presentation?
Discretionary and Mandatory
A good credit score has a low number (Ex: 300)
False
What is a mutual fund?
Pooled investments and diversified assets
What are the 3 types of taxes?
Property Tax, Sales Tax, Income Tax
What is mandatory spending? Please give an example.
Essential/ Required expenses
(Ex: household, business, etc)
A compound interest benefit is helping boost investment growth
True
What is the difference between the bull market and bear market?
The bull market has fast, rising prices while the bear market has slow, falling prices.
Describe the differences between Property Tax, Sales Tax, and Income Tax
Property Tax - Tax on real estate
Sales Tax - Tax on a sale, transfer of exchange of an item/service
Income Tax - Tax on income
What is discretionary spending? Please give an example.
Non-essential/ not required spending
(Ex: vacations, shopping, etc)
New York's sales tax base is 5%
False