Costs and Revenues
Another word for "money spent."
What are costs?
When you save money, you are actually doing this for the bank.
What is lending money?
This system is meant to reimburse Americans for medical services, but is often criticized for being too expensive.
What is private health insurance?
This type of investment represents a piece of a company.
What is stock?
The word for the extra money you must return after borrowing a certain amount of money.
What is interest?
What are revenues?
When you save money with the bank, you want this number to be higher.
What is the interest rate?
What is "profitable?"
The financial term for land and/or the human structures on it.
What is real estate?
This number goes up over time if you take on and then quickly pay off debts.
What is a credit score?
If your costs are higher than your revenues, your budget is in this condition.
What is a deficit?
When you save money with the bank, they do this with your money.
What is invest and loan it out?
A contract with a company in which a person or company pays in on a regular basis, and in return the company reimburses them in the event of specific types of accidents.
What is insurance?
The fundamental rule for when to buy and when to sell.
What is "buy low, sell high?"
This number influences your ability to rent an apartment, buy a house, buy a car, and get a good price on insurance.
What is a credit score?
Another word for "benefits missed."
What are opportunity costs?
This government organization insures (covers in case of loss) a certain amount of customer deposits at the bank.
What is the FDIC? (Federal Deposit Insurance Corporation)
A form on which a taxpayer makes an annual statement of income and personal circumstances, used by the tax authorities to assess liability for tax. Often an expert can help you do this to find more tax credits and deductions.
What is a tax return?
A digital, decentralized currency with prices that can fluctuate wildly.
What is cryptocurrency?
The name for a loan specifically taken out to buy a house.
What is a mortgage?
If you go to a movie that costs $60 instead of going to work and getting $100, the opportunity cost would be this number.
What is $100?
At any given time, the bank keeps this amount of money on hand (Potential answers: the total of all bank deposits, more than the total of all bank deposits, less than the total of all bank deposits)
What is less than the total of all bank deposits?
This economist invented the withholding system for income tax, ensuring that workers pay taxes every time they get a pay check.
Who was Milton Friedman?
The name for an asset which you can buy and hold on to in the hopes that its value will increase (appreciate) over time.
What is an investment?
A financial tool which may be even older than money.
What is debt?