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What is Compound Interest?
What is a Certificate of Deposit?
A savings product with a fixed interest rate and maturity date, typically offering higher interest than regular savings accounts.
What is Capitalism?
Individuals and businesses own and control most things.
What is a Peer to Peer transfer?
Sending money directly to another person via online or mobile platforms.
What is Networking?
Building relationships with people who can provide information, support, or job leads.
What is Premium?
The amount paid for an insurance policy.
What is inflation?
The rate at which the general level of prices for goods and services rises, eroding purchasing power.
What is Socialism?
The government owns key industries to create equality.
What are considered soft skills?
Verbal communication
Written communication
Active listening
Public speaking
Presentation skills
Giving & receiving feedback
What is a Return On Investment (ROI)?
A measure used to evaluate the efficiency of an investment, comparing the gains relative to its cost.
What is the NCUA?
A federal agency that oversees and insures credit union deposits?
What is Scarcity?
Not having enough resources (like time, money, or materials) to get everything you want.
What is Communism?
The government owns everything, and wealth is meant to be shared equally.
What is lifetime income?
The total amount of money a person earns over their working life.
What is a Traditional Market?
People make economic decisions based on customs and traditions (often in tribal or rural societies).
What is an Overdraft?
A situation where more money is withdrawn from an account than is available.
What is Expansion?
A time when the economy is growing—more jobs, more spending, and businesses are doing well.
What is the FDIC?
A U.S. government agency that insures deposits in banks.
What is a resume?
What is Mrs. Bywater's favorite soda?
Mtn Dew???
What is Bill Pay?
A service that allows customers to pay bills electronically.
What is Microeconomics?
The study of small economic choices made by individuals or businesses (like buying, selling, or budgeting)
What is a Savings account?
A bank account used to save money over time, typically earning interest.
What is a Scholarship/Grant?
Financial aid that doesn't need to be repaid, awarded based on various criteria.
What is Macroeconomics?
The big-picture view of the economy—looks at things like GDP, unemployment, inflation, and national policy.