Investing
A share, or piece, of a company, is sold to investors.
What is a stock?
It helps you save money by comparing the money you spend and the money you make.
What is the purpose of a budget?
Type of car payment that ends with you owning the vehicle.
As demand increases and supply is low.
How is inflation caused?
One spends directly from your bank account while the other spends from a line of credit, paid back at the end of the month.
What is the difference between a credit card and a debit card?
A loan given to a private or government-run organization that is paid back in full with interest over a time period.
What is a bond?
A type of budget in which you split all your monthly income into envelopes designated for different expenses.
What is the envelope budget?
The typical costs included in a car lease payment.
What is the depreciation of the vehicle plus interest?
A government organization that decides how much money is printed and distributed in the country.
What is the Federal Reserve Bank?
When someone does not pay back their monthly bill in full; any leftover money builds interest and stays on the account until it is paid off.
What is credit card debt?
Money given to stockholders from the owning company as a reward for buying stock.
A. Surplus B. Dividends C. Differences D.Prizes
What are dividends?
The money you spend on necessary things and the money you spend on things you do not need.
What are fixed and variable expenses?
The recommended price of a car, displayed on the window as a sticker.
What is the Manufacturer's Suggested Retail Price (MSRP)?
An inflation winner; their assets' value increases faster than inflation.
What are stockholders?
The process by which a scanner replaces your card number with random numbers in the system as a form of safety when using online cards like Apple Pay.
What is tokenization?
One makes fast-paced purchases and sells, focusing on short-term gains. The other keeps their stocks for a long time, aiming for long-term benefits.
What is the difference between traders and investors?
20% of your income is used towards this cause, according to the 50/30/20 budget.
What are savings or investments?
The relationship between the size of a downpayment and the monthly mortgage payment.
A larger downpayment reduces the monthly mortgage rate.
The average percentage increase of inflation every year.
What is 2%?
A credit score of 670-740.
What is a good credit score?
A company worth between 2 and 10 billion dollars.
What is a medium-cap company?
A budget that starts by paying off the smallest type of debt and moving upward by price, regardless of the interest.
What is the Snowball method?
The typical percentage range of closing costs of a house.
What is between 2%-6%?
A government-issued currency with no physical commodities backed behind it.
What is fiat money?
A type of credit card that requires an initial deposit held by the credit union as collateral if you miss a payment.
What is a secured credit card?