Finance Basics
What is the money you earn from a job called?
Income
When you buy a stock, you are buying what?
Ownership in a company
What do you call the money a business earns from selling products or services?
Revenue
If inflation rises, does purchasing power increase or decrease?
Decrease
What major global economic crisis began in 1929?
The Great Depression
What is a plan for how you will spend and save your money called?
Budget
What is it called when you earn interest on interest?
Compound Interest
What is revenue minus expenses called?
Profit
What is the general increase in prices over time called?
Inflation
What year did the global finance crisis occur?
2008
When a company has more expenses then revenue?
Net loss
What do you call money earned from owning a stock that is paid out regularly by the company?
Dividend
What type of business is owned by shareholders?
Corporation
What is a period of economic decline called?
Recession
What cryptocurrency was the first to be created?
Bitcoin
Cash, Supplies, Equipment, and Land are all examples of...
Assets
What is it called when you make a profit from a stock?
Capital Gains
What is the term for expanding a business into new markets or products?
Diversification
In Canada, which institution sets the benchmark interest rate?
Bank of Canada
Who was the largest Ponzi Scheme orchestrated by?
Bernie Madoff.
What registered account allows Canadians to invest and withdraw money tax-free?
TFSA (Tax-Free Savings Account)
What does ETF stand for?
Exchange Traded Fund
Initial Public Offering
What is the lowest turning point of a business cycle, marking the end of a recession and the beginning of a recovery?
Who is the founder of Stratton Oak Mont?
Jordan Belfort.