The Global Market
Define a global market
A interconnected economic system where goods, services, capital, and labor are exchanged across international boarders, enabling business to reach customers globally.
Name a common insurance
Health Insurance.
Main difference between Credit cards and Debit cards
Debit is money that is pulled, while credit is money your borrowing.
Define inflation
Rate of increase in prices over a given period of time.
Main difference between saving and investing
Saving is for short-term goals and emergencies while Investing is for long-term goals.
Key components of Global Markets
International Exchange, Interdependence, Border-less operations.
Define insurance
A contract in which an individual or entity receives financial protection.
What is credit score.
Your trustworthiness for secured loans for major purchases you may make
How long has inflation been around for
Decades.
What is the average time for Short-term and Long-term
Short term: 0-5 years, Long term: 5-10+ years.
Examples of Global markets
Apple (electronics), Walmart (retail), Coca-Cola (beverages)
Explain a deductible
The amount the insured must pay out of pocket before insurer covers the remaining cost.
Explain debit
An accounting entry representing an amount owed or paid out.
What mainly causes the prices to rise over the years
High demand for supply
Examples of investing
Stocks, and/or bonds.
What is commonly called when a global market goes down
A bear market.
Explain insurance premium
Amount of money an individual or business pays regularly to keep a policy active.
Why would someone need credit cards
Building a credit history and/or emergencies.
All inflation is bad for everyone True or False?
False
Examples of long term goals
College, car, or house funds.
When did Global markets first begin
Early 17th century.
1818 in India
What precent of people get debt fro credit/debit cards?
40-50% of American adults.
What year did inflation really peak and significantly spiked in
2021-2022.
When did he Investing become popular
The 1920s (Roaring 20s).