EPF1
A plan for managing income and expenses over a specific period, usually monthly or yearly.
Budget
The cost of borrowing money or the return on invested funds, expressed as a percentage.
Interest
The rate at which the general level of prices for goods and services rises over time, eroding purchasing power.
Inflation
Which social media platform was launched in 2010 and gained widespread popularity for its photo-sharing features?
What was the name of the virus that sparked a global pandemic in 2019, originating in the city of Wuhan, China?
COVID-19 (or Coronavirus)
Money earned from various sources, such as salary, wages, investments, or business profits.
Income
Money owed to creditors, such as credit card balances, loans, or mortgages.
Debt
The period of life when an individual stops working and relies on accumulated savings, investments, or pensions for income.
Retirement
In 2012, which American swimmer broke the record for the most Olympic gold medals won by an individual athlete?
Michael Phelps
Which country hosted the 2016 Summer Olympics?
Brazil (in Rio de Janeiro)
Money spent on goods and services, including necessities like housing, food, transportation, and discretionary spending.
Expenses
A numerical representation of an individual's creditworthiness, based on their credit history and financial behavior.
Credit Score
Interest calculated on both the initial principal and the accumulated interest from previous periods, leading to exponential growth over time.
Compound Interest
What was the title of the popular TV series based on George R.R. Martin's fantasy novels that aired from 2011 to 2019?
Game of Thrones
What was the title of the first-ever Marvel Cinematic Universe (MCU) film, released in 2010?
Iron Man
Money set aside for future use or emergencies, typically held in savings accounts, certificates of deposit (CDs), or investment accounts.
Savings
Any item of economic value owned by an individual, such as cash, investments, real estate, or personal property.
Asset
Savings set aside to cover unexpected expenses or financial emergencies, typically equivalent to three to six months of living expenses.
Emergency Fund
Which American singer-songwriter released the hit song "Rolling in the Deep" in 2010, which became one of the best-selling singles of all time?
Adele
What was the name of the popular smartphone game released in 2016 that led to a worldwide phenomenon, involving players searching for virtual creatures in real-world locations?
Pokémon GO
Assets purchased with the expectation of generating income or appreciation over time, such as stocks, bonds, mutual funds, or real estate.
Investments
Financial obligations or debts that an individual owes to others, such as loans or mortgages.
Liability
A retirement savings plan offered by employers in the United States, allowing employees to contribute a portion of their salary to a tax-advantaged investment account.
401(k)
In 2020, which country became the first to officially declare a nationwide lockdown due to the COVID-19 pandemic?
Italy
In 2014, which ice bucket challenge went viral on social media to raise awareness and funds for ALS (amyotrophic lateral sclerosis) research?
The ALS Ice Bucket Challenge