Fortune 500
This person founded, originally as an online bookstore in 1994, Amazon
Jeff Bezos
Money that you owe, such as loans or credit card balances
Debt
What percent of teens admit that friends influence what they buy.
70%
The amount you must pay out of pocket before insurance covers the rest is called this.
Deductible
The catastrophic stock market crash marked the start of this financial event
The Great Depression
This Seattle-based coffee company has stores all around the globe
Starbucks
The amount charged by a lender for borrowing money, usually shown as a percentage
Interest
This can help pay for college and is usually rewarded based on financial need
Grants
This is the type of insurance that pays for damage you cause to another person’s car or property.
Liability
In this financial system, the government owns most businesses and money is shared equally among people.
Communism
The company with the greatest total revenue or number one the the fortune 500 list
Walmart
An item of value you own, like cash, property, or investments
Asset
On average how much money do teens spend per week (within 10 dollars)
$45
This is the legal status for a person or business that cannot repay their outstanding debts.
bankruptcy
During the 1800s, U.S. currency was backed by this precious metal to control how much money could be printed.
Gold
This oil and gas giant, with headquarters in Irving, Texas, is one of the largest publicly traded companies in the world.
ExxonMobil
A type of investment that represents partial ownership of a company
Stock
What makes up about 20–25% of teen spending, making this the largest category.
Clothes and shoes?
What is the credit score range?
300 - 850
This is the total value of all goods and services produced in a country in a year.
Gross Domestic Product (GDP)
This company owns brands like Tide, Pampers, and Gillette.
Procter & Gamble (P&G)
The ability to quickly turn an asset into cash without losing value
Liquidity
Teens are more likely than adults to do this type of shopping, buying items without planning first.
Impulse Purchasing
You take a $10,000 loan at 5% annual simple interest. After 1 year, you pay back $3,000. How much interest accrues the second year on the remaining balance?
$350
This U.S. central banking system was created in 1913 to stabilize the economy and manage money supply.
Federal Reserve (or Fed)