Economy
The rate at which the general level of prices for goods and services increases over time, which results in a decrease in the purchasing power of money.
What is Inflation?
This type of card lets you borrow money now and pay it back later.
What is a credit card?
Is the practice of dividing the money a person invests among different types of investments in order to lower risk.
What is diversification.
Is a contract where you pay a regular fee to a company for financial protection against specific losses.
What is Insurance
This term describes how likely something is to occur, written as a number between 0 and 1.
What is probability?
What was the national GDP of the USA in 2025?
30.5 Trillion dollars.
This type of interest grows on the amount you haven’t paid back on your credit card—making the total you owe increase over time.
What is compound interest?
The process of setting money aside to increase wealth over time for long term financial goals, such as retirement.
What is investing?
2 Reasons why is insurance important.
1. It is required by law in most states
2. Others around you aren't perfect even if you are.
What is American Airlines Stock ticker?
AAL
By analyzing Inflation, Deflation, Gross Domestic Product, Unemployment we are able to determine?
The health of the economy.
This three-digit number helps lenders decide how trustworthy you are at paying back money.
What is a credit score?
What is the S&P 500's annual rate of return?
Approximately 10%!!!!
This is the regular amount of money people pay—often monthly—to keep their insurance active.
What is a premium?
This type of investment pool is traded on stock exchanges like individual stocks, but it contains many different stocks or bonds.
What is an ETF?
This is the fee a government might add to imported goods to make them more expensive and protect local businesses.
What is a tariff?
What are three names of the credit unions.
Experian, TransUnion, Equifax.
This term describes the chance that an investment’s value could go down instead of up.
What is risk?
This is the amount you agree to pay out of pocket before your insurance company helps cover a claim.
What is a deductible?
If I invest $500 in the stock market for 50 years and the investment gets an 8% return, how much money will I have?
$ 23450.81
North Korea, China, and Russia are examples of_____________.
What is a Command Economy?
This type of card takes money directly from your bank account when you use it.
What is a debit card?
A type of investment that pools money from many investors to buy a diversified collection of securities, such as stocks, bonds and other assets.
What is a mutual fund.
This is an optional car insurance that pays to repair or replace your vehicle after a crash with another car or an object, such as a pole or fence, or if your car rolls over.
What is Collision insurance?
What does the rule of 72 say?
Years to double the investment is 72/ rate of return.