Banking
True or False: Having a common currency is bad.
False, by having a common currency, it makes trade easier.
Who was the original CEO of Tesla?
Elon Musk.
Price-to-Earnings
What is economics?
The study of people and choices. OR a social science concerned with the production, distribution, and consumption of goods and services.
True or False: When you own a stock, you own part of that company.
False
When was the Global Financial Crisis (also known as the Great Recession)?
2007-2008.
Who was JP Morgan?
One of the most powerful bankers in US History.
What is a stock?
A unit of ownership
True or False: Economics is the study of the stock market.
False, it is much more than the stock market.
True or False: Diversifying your portfolio is never a good idea.
False, bruh.
Name at least one different type of bank.
Investment banks, Credit Unions, Commercial Banks, etc.
Who was Charles E. Merrill?
An american banker and co-founder of Merrill Lynch.
Why do companies sell stocks?
To raise capital for their business
True or False: Specialization in trade is beneficial.
True. Everyone is good at their own thing, and when people trade what they're good at for what someone else is good at, both parties benefit from the deal.
True or False: Bear markets are when the market is trending upward.
False, an upward trend would be a Bull market.
What are micro credits?
Lots of very small loans that are mostly handed out in developing countries that help people escape poverty.
Who is the Oracle of Omaha?
Warren Buffett.
When does the stock market generally open and close?
Who was the first Modern Economist?
Adam Smith
Are monopolies legal?
No.
What is credit?
Credit is the ability to borrow money or access goods or services with the understanding that you'll pay later.
Who were the Medici?
What is shorting a stock?
Betting against a stock- an investor borrows a stock, sells the stock, and then buys the stock back to return it to the lender.
What are incentives? How do they work in economics?
Incentives are motives to do something. They are important in economics because they allow for policies to work and when done properly, allow for a better economy.
Who was John D. Rockefeller?
The richest person in modern history, founder and leader of the Standard Oil company.