Summative
All resources are.
Scarce!!!
Someone who gets paid the same no matter how much they work is paid this way.
Salary
Lowest possible credit score.
300
Savings Account, CD, Bonds, etc... Not stocks (need to be 18)
Asset protection to prevent loss.
Insurance.
Upward sloping line on a graph.
Supply
Benefit to hourly pay.
Overtime, more work=more money.
Buying something with borrow money.
Buying on Credit
Buying a share of a company.
Stock
Mr. Manty's irresponsible friend.
Paul
Graph used to see how much we can make with our given resources.
PPC (Production possibility curve/frontier)
A negative to being paid hourly.
This will improve your credit score.
Credit card, responsible credit uses, a job.. etc
Low risk, maturity date is decided when purchased, low interest.
CD
Some say that Papa Smurf represents him.
Karl Marx
Two types of market structure.
Monopoly, Oligopoly, Monopolistic Comp, Monopolistic Competition.
More likely to bring work home.
Two of the three C's of credit worthiness stand for this. (any of them)
Character, Capacity or Collateral.
An IOU.
Bond
The name of two of Mr. Manty's Pets. (any of the 10)
Kipper, Ollie, Blackey, Jeff, Chip, Cheese, Byron, Pat, Dwayne, and Randy.
Assigning money to a place before getting your paycheck.
Budgeting.
Typically salaried employees receive this many paychecks in a year.
24
Visa and MasterCard provide this function.
Interchange for transactions. Not Credit!
Bad compounding interest.
Credit Car, Loan, etc..
Created the first National Bank.
Alexander Hamilton