Cypto
crypto is funds that exist _______
digitally, electronically
Recent Cypto giant that has recently collapsed due to fraud and scandal. They sponsor the Miami Heat. What is the name of the crypto and who is the CEO?
FTX, Sam Bankman Fried
Entrepreneurship
ice
diamond
an estimate of income and expenditure for a set period of time.
Budget
________ is a secure online platform for buying, selling, transferring, and storing cryptocurrency.
Coinbase
_________ perpetrated a multi-billion dollar scam that defrauded investors around the world for decades until his arrest in December 2008. Madoff’s fraud led many to financial ruin and his name is now synonymous with what many consider one of the largest Ponzi schemes in history.
Bernie Madoff
Profit from the proceeds of sales of currencies from various countries
foreign exchange
An ________ is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all __________.
intangible assets
Most Common Retirement Account Linked to your workplace employer
401k
______ is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a "joke", making fun of the wild speculation in cryptocurrencies at the time. It is considered both the first "meme coin"
Dogecoin
Pyramid Scheme
________ is an order fulfillment method where a business doesn’t keep the products it sells in stock. Instead, the seller purchases inventory as needed from a third party—usually a wholesaler or manufacturer—to fulfill orders.
Dropshipping
__________ is a company's ability to convert assets to cash or acquire cash—through a loan or money in the bank—to pay its short-term obligations or liabilities.
Liquidity
The ______ Index, or _________ Index, is a market-capitalization-weighted index of 500 leading publicly traded companies in the U.S.
S&P Standard's and Poor's
_______ is a blockchain-based platform best known for its cryptocurrency, ether (ETH)
Etherium
"Ponzi scheme" is named after this man
Charles Ponzi
__________ charts are used by traders to determine possible price movement based on past patterns. __________ are useful when trading as they show four price points (open, close, high, and low) throughout the period of time the trader specifies.
Candlestick
A ________, also known as a capital asset, is a tangible piece of property, plant, or equipment (PP&E) that you own or manage with expectations that it'll continuously help generate income.
Fixed Asset
avoid buying using this form of payment. It makes impulsive spending go up by 25%
Credit Cards
Give an estimate of the current value of bitcoin and be accurate within a range of $5,000
$68,459
Pump and Dump
It is better to invest this way. _________ simply means that the interest associated with a bank account, loan, or investment increases exponentially—rather than linearly—over time.
Compounding interest
A _______ is a negative account used in double-entry accounting to reduce the balance of a paired asset account in the general ledger.
Contra Asset
What are the three biggest personal expenses?
Food, Rent, Transportation