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Stock Market
Investments
Tax and Credit
Contracts and Default
Warranties
100
When the stock market has steadily increased over time.
What is a bull market?
100
The most risky investment securities.
What are stocks?
100
The federal income tax is an example of this type tax; it requires people who make more money to pay more tax.
What is a progressive tax?
100
The three things you need for an enforceable contract.
What is offer, acceptance, and consideration?
100
This type of statement is just sales talk, and does not create an express warranty.
What is puffing?
200
The stock index that tracks the stock prices of the 30 most successful companies in the United States.
What is the Dow Jones Industrial Average (DJIA)?
200
The lowest risk place to hold your money.
What is a savings account?
200
This is the money deducted from a paycheck each month to send as taxes to the government.
What is the withholding?
200
Consideration
What is something of value exchanged?
200
If your couch breaks after 2 months, the couch company has breached this implied warranty.
What is the implied warranty of merchantibility?
300
The two largest stock exchanges.
What are the NYSE and the NASDAQ?
300
A person invests their money in order to achieve this.
What is an investment objective?
300
Regressive Tax
What is a tax that weighs more heavily on low income earners. Ex. cigarrete tax.
300
A person who you add to a contract that agrees to pay your debt if you do not pay.
Who is a cosigner?
300
If someone sells stolen goods they have breached this implied warranty.
What is the implied warranty of title?
400
The website for the stock market game
What is californiasms.com?
400
When you put your money in different investments in order to lower your risk.
What is Diversification?
400
Any fees or interest that a debtor pays above the cost of items bought.
What is finance charges?
400
The debtor pays for the cost of this action; when a creditor comes and takes back the goods you didn't pay for.
What is repossession?
400
This implied warranty exists if the BUYER tells the SELLER how he will use the item.
What is the implied warranty of fitness for a particular purpose?
500
If you buy stocks at a low price and sell them at a high price, you will have these profits to report at the end of the year.
What are capital gains?
500
Because interest is paid on both the principal investment and the earned interest, you earn this type of interest with investments.
What is compound interest?
500
The extra time you get to pay your minimum payment each month before getting charged a late fee.
What is the grace period?
500
When a contract is so unfair that the court invalidates it, it is this type of contract.
What is unconscionable?
500
Only this type of seller is held to the implied warranties.
Who is a bona fide seller?