Inflation
What is inflation?
An increase in the average price in something in the economy.
What is debit?
Money taken out of someone's account to be used as a payment for services or goods.
An account used to save up money.
What is saving?
When you save money into an account and don't touch it.
What is a monopoly?
A certain market structure being controlled by one group.
The rate in which inflation is measured by.
Inflation rate
What is credit?
Buying something and paying it off later.
What is a checking account?
An account where you can make deposits and withdrawals.
What is investing?
Buying assets that increase in value over time and selling them for more.
Are monopolies illegal?
Yes.
The people who manage inflation.
The Federal Reserve Bank.
The main difference between debit and credit is
Credit is paid off later and debit is paid off on the spot.
What is a sole proprietor account?
An account made for businesses.
What is a bond?
An investment in government corporations.
Are monopolies good?
No.
Inflation means that purchase numbers have done this
Decreased
What is a loan?
Buying something and paying it back later with interest.
What is an individual account?
An account with one person on it.
What is a 401(k) plan?
A plan where your employers pay off your retirement.
Monopolies cause prices to
Rise
When people stop purchasing an item, inflation causes its price to
increase
Which card gives you a free borrowing period?
What is a cosigner?
Someone who adds their information to a purchase in order to pay back a debt that you cannot pay.
What is a stock?
A share in a company which allows you to make a small portion of their earnings.
A monopoly created by the government.
Government monopoly.