Banking
This type of bank account is typically used for everyday spending and allows unlimited withdrawals.
What is a checking account?
This term refers to the value of a general increase in prices and a fall in the purchasing value of money.
What is inflation?
This represents a share of ownership (or equity) in a corporation, giving the holder a claim on the company's assets and earnings.
What is a stock?
These are expenses that remain constant each month, such as rent.
What are fixed expenses?
A global stock market crash in 2020 was the result of this global pandemic.
What is COVID-19?
What is the type of account usually associated with long-term spending, or money you don’t plan to use right away?
What is a savings account?
These are the two types of interest.
What are simple and compound interest?
This is anything owned by an individual or business that has monetary value and can provide future economic benefit. They can be physical (tangible), like cash, property, or equipment, or non-physical (intangible), like patents or trademarks.
What is an asset?
These are expenses that have often changes in cost, such as groceries.
What are variable expenses?
What event occurred after the stock market crash in 1929?
What is The Great Depression?
If your checking account balance drops below the required minimum, your bank might charge what kind of fee?
What is a maintenance/minimum balance fee?
This term refers to the cost a borrower pays to a lender for the use of money over time, or the return an investor earns for providing capital. Sometimes referred to as the cost of borrowing.
What is interest?
This is the interest rate after adjusting for inflation.
What is the real interest rate?
This is a person's total pay before taxes.
What is gross income?
This U.S. institution, created in 1913, manages monetary policy and helps stabilize the economy.
What is the Federal Reserve?
This type of account is managed by more than one person, commonly seen with spouses or business partners.
What is a joint account?
This is the amount of interest calculated annually on the principal balance of a deposit or loan.
What is simple interest?
This is the term that is used when the value of the overall market is rising or expected to rise.
What is a Bull Market?
This is a person's income after taxes.
What is net income?
The 2008 financial crisis began largely because of risky loans in this part of the economy.
What is the housing/mortgage market?
This is an account that pays higher interest as your balance increases.
What’s a “tiered interest rate” account?
This is the interest calculated on the initial principle and also on the accumulated interest from previous periods.
What is compound interest?
This is the total value of a company's outstanding shares of stock, calculated by multiplying the current market price per share by the total number of shares in circulation.
What is the market capitalization (market cap)?
The 50/30/20 spending rule is a simple budgeting method that divides your after-tax income into three categories: 50% for needs, 30% for wants, and 20% for what?
What is savings and debt repayment?
Established in 1607, it is considered the world's first stock exchange.
What is the Amsterdam Stock Exchange?