Types of Investments
security in which the investor loans money to a company or government, which then pays regular interest and returns the principal on the maturity date
A Bond
What happens to supply as price goes up?
Quantity Supplied increases
Who affects Demand (Who is demand)
Consumers
What values are on the horizontal and vertical axes of supply and demand graphs?
Horizontal X axis- quantity
Vertical Y axis- price
to take care of your responsibilities or put your money where your mouth is
Standing on Business
What kind of room has no doors or windows?
A Mushroom
The entities that control fiscal policies
What is the President and Congress
This entity controls monetary policies
What is the Federal Reserve
A plan of your expected income and how you will use it to meet your expected expenses over a period of time
a budget
The amount of money you have in your bank account
Balance
A three-digit number based on an individual's credit history detailed in a credit report
credit score
w4
A gable is a triangle-shaped feature on this part of a house
roof
A term used to describe the ownership certificates of any company
Stocks
What happens to the supply of Corn Flakes if there is an increase in the cost of corn?
The Supply decreases.
Shift to left
Determinate: resource
Which direction does a demand curve slope?
Demand curve slopes down.
What direction is an increase and what direction is a decrease
right
Left
The act of ending a relationship by abruptly cutting off all communication has had this name since 2012
Ghosting
Take one out and scratch my head, I am now black but once was red. What am I?
A Match
A negative effect to expansionary policies
inflation
This policy reduces the money supply (used to fight inflation)
What is Tight/Contractionary Policy
A budgeting method that allocates ___% to needs, ____% to wants, and ___% to savings and debt repayment
50/30/20
A card that is directly connected to your checking account; it enables you to conduct ATM transactions and to make purchases instead of using cash or writing a check
Debit card
A document with information about a person's credit activity and history
credit report
w2
"Jules & Jim" is a classic film about this geometric situation; some have asked why Catherine isn't in the title
A love triangle
An investment vehicle that consists of a ‘pool’ of funds contributed by many investors in order to invest in stocks, bonds, and other assets
Mutual Fund
Supply curve slopes in what direction? why?
Supply curve slopes up. Price increases quantity supplied increases
What happens to demand as price goes up?
Quantity demanded decreases
Any price above equilibrium would create a________
any price below would create a______
What is surplus and shortage
someone's ability to charm or attract someone
Rizz
What runs, but never walks. Murmurs, but never talks. Has a bed, but never sleeps. And has a mouth, but never eats?
A river
Provide an example of expansionary fiscal policy
what are Tax cuts and increased government spending?
This policy increases the money supply
What is Expansionary Policy?
A budgeting method where money for monthly spending is taken out in cash and placed in labeled ________ according to budget categories.
envelopes
Unlike a savings account, a checking account will not allow you to earn __________
interest
loans that are used to buy homes and other types of real estate.
Mortgage
1040
You need a triangle for this action to set up billiard balls for the break shot
racking
An investment that allows a person to set aside pre-tax income up to a specified amount each year
Traditional IRA
What happens to the supply of ice cream if an ice cream company goes out of business?
The supply decreases.
Shift to left
number of sellers
What happens to the demand for butter if the price of margarine goes up? Why?
The demand for butter goes up. They are substitute goods.
Parasites are causing huge declines in bee colonies around the U.S. Meanwhile, "hot honey," honey with a kick, gains lots of popularity in the South.
Price Increases and Quantity is indeterminate
Sometimes something is so awesome that it impacts you or inspires you on a whole new level.... It just hits ________.
Hits different
What starts with a T, ends with a T, and has T in it?
A Teapot
Provide examples of how government would implement a contractionary policy
Increase taxes, cut down on government spending, reduce deficit
Provide 2 tools the federal reserve uses to implement monetary policy
What Open Market Operations, lender of last resort, and paying interest on bank reserves (IORB)
A budgeting method where every anticipated earning is assigned a role to be spent, saved, or invested somewhere, so there's no "leftover" money with no purpose
Zero based budget
A monthly document prepared by your financial institution which shows all of the transactions related to your account
What is a bank statement or Account Summary
loan option that offers a single interest rate for the entire term, or length, of a loan.
Fixed rate mortgage
1099
Pythagorean theorem for right triangles
a2 + b2 = c2
A retirement savings plan, sponsored through your employer who will often match your contributions, that allows an individual to save for retirement and have the savings grow while deferring taxes until funds are withdrawn
401k Plan
Name at least all determinants of supply.
STONER
subsidies/taxes, technology, other goods, number of sellers, expectations, resources.
Name all determinants of demand.
Biter
Number of buyers, income, taste, expectations, related goods (compliments and substitutes)
At the beginning of the COVID-19 pandemic, individuals become more concerned with hand sanitizing. Several alcohol distilleries decide to shift production from alcohol to hand sanitizer.
Quantity increases and Price is Indeterminate
This slang phrase is used to express honesty, strong belief, or strong emotions
On god
What has a bottom at the top?
Your legs
side effects or consequences of an industrial or commercial activity that affects other parties without this being reflected in the cost of the goods or services involved
What are externalities
Fed’s primary tool for adjusting the federal funds rate is IORB. What is IORB
What is interest on reserve balances?
A strategy where you save a specified amount of your paycheck before doing anything with the rest of your money
Pay yourself First
A bank product that earns interest on a lump-sum deposit that's untouched for a predetermined period of time
Certificate deposit
Interest rate can change during the length of the loan based on prime or an index rate
variable
I-9
A triangle roughly formed by Florida, Puerto Rico & this place is notorious for swallowing up boats & planes without a trace
Bermuda Triangle