Budgeting
This is when you keep money to use later, often earning interest.
What is Saving?
This type of bank helps regular people save and access their money.
What is a local bank?
If you buy part of a company and get money when it grows, what are you buying?
What are Stocks?
Inflation means your money can buy __ over time
What is less?
If you buy candy today, instead of saving up for a video game tomorrow, what is the cost you incur?
What is opportunity cost?
What's one reason why putting money in a bank is better than hiding it under your bed
What is earning interest (or safety, or access)?
This is like giving a loan to a company, and they pay you back with interest.
What is a Bond?
What is an example of inflation?
What is buying less ice cream? (or any other correct examples)
You spent $30 a month on toys, $10 on snacks, and saved $10. What percent of your money are you saving?
What is 20%?
A central bank helps control this very important part of the economy.
What is the money supply?
This is a type of investment that doesn't lose value with inflation and can be traded, like gold or oil.
What is a Commodity?
If your money loses value every year, what kind of investment could help protect it?
What is a commodity?
If a Chicken bake is $5 and a cookie is $2.50. What is the opportunity cost of buying 2 chicken bakes?
What is 4 cookies or $10?
Investment banks work with these, not regular people
What are companies?
You can buy a $100 bond that pays $5 per year or a stock that also costs $100 but can earn $15 or lose $10. Which is safer, and which has the higher risk/reward?
What is the bond is safer, but the stock is higher?
What is losing?
You get $10 a week. You decide to save 40%, spend 40%, and donate 20%. In 1 week, how much money do you have in each category?
What is $4 saved, $4 spent, $2 donated?
If you put $200 in a bank with 5% interest, how much money would you have after one year?
What is $210?
which of the three investments are most protective from a downturn in the economy? (bonus points if you can name the specific type as well)
What is a commodity, specifically gold?
Which entity regulates Inflation and through what policy do they do this?