Interest
Amount paid to use someone else's money.
What is interest?
The two major stock exchanges in the U.S.
What are NYSE AND NASDAQ
The place Kiet was born
Where is Vietnam?
The study of how society uses its limited resources.
What is economics?
The three financial statements
What are the balance sheet, income statement, and cash flow statement
When inflation is very high and accelerating uncontrollably.
What is hyperinflation?
The time it takes for a stock to settle.
What is trade day + 1?
The university Kiet and Chloe attend.
What is Fordham University
The total value of all goods and services produced within a country in one year.
What is GDP?
The term that refers to anything a company owns that has a value.
What are assets
6.7-6.9%
What is the range for mortgage rates right now?
Ownership in a company.
What is a stock?
The highschool Chloe attended.
What is Sacred Heart Cathedral
The range of inflation right now.
What is 2.5-3%?
This equation is the foundation of accounting: Assets = Liabilities + ?
What is stockholders equity
Using the Rule of 72, the amount of years it takes to double your money if you earn 8%
What 9 years?
The world's most traded currency.
What is the United States Dollar
The pastry Kiet pairs with his coffee.
What is a cookie
The tariff rate agreed to with Indonesia.
What is 19%(Asian Country)?
This document shows a company’s financial position at a specific time.
What is a balance sheet?
This U.S. agency reports the Consumer Price Index each month.
What is the Bureau of Labor Statistics?
This index compares the cost of a McDonald's Big Mac across countries to measure currency valuation.
What is the big mac index?
The college Natalie Mares attended.
What is the University of Houston?
This curve shows the inverse relationship between inflation and unemployment.
What is the Phillips curve?
The accounting method where revenues and expenses are recorded when they are earned or incurred, not when cash is exchanged.
What is accrual accounting.