PERSONAL FINANCE
The cost of borrowing money
What is interest?
The Great Recession in 2008 happened as a result of this sector/industry
What is the real estate industry?
Definition of liquidity
How quickly to convert assets into cash
The primary goal of a business
What is profit?
Main goal of the Federal Reserve
What is control monetary supply?
(Also acceptable: stable economic growth)
Rule that refers to the number of periods required to double an investment's value at a given rate of return
What is the rule of 72?
Textbook definition of a recession
What are two consecutive quarters of negative GDP?
This is the largest company in the world based on market cap
What is Apple?
The basic economic problem refers to this
What is scarcity?
The type of fiscal policy being used right now
What is contractionary policy?
This is how many months' worth of living expenses recommnend to keep a cash emergency fund
What is three to six months?
This industry is typically hit hardest as the result from a recession
What is retail?
This is what ETF stands for
What is exchange-traded-fund?
Sequence of processes involved in the production and distribution of a product from the supplier to the final customer
What is supply chain?
Refers to the Fed purchasing/selling US treasury bonds on the open market
What are open market operations?
This is what the acronym FDIC stands for
What is Federal Deposit Insurance Corporation?
The stock market had the largest single day drop in this year
What is 1987?
The oldest stock market exchange in the U.S. started in this city
What is Philadelphia?
Copyrights, patents, intellectual property, and goodwill are examples of this
What are intangible assets?
The current federal funds rate
What is 3%-3.25%?
This is the lowest credit score you can get
What is 300?
Number of recessions the US has encountered since WWII
What is 13?
This company had the largest IPO ever
What is Alibaba?
The degree to which a company's assets exceed its liabilities, AKA its ability to pay off long-term debt
What is solvency?
The amount of money the Fed injected into the US economy as a result of the pandemic (give or take a trillion)
What is $4.5 trillion?