money history
which country made bills first
china
what is the name of the person who is on 1000 yuan bill
Mao Zedong
Unlike a credit card, this type of payment card takes money directly out of your checking account the moment you use it
debit card
the general term for a person or business that you owe money to
creditor
what is the thing called that trump put on other country
tariffs
March 11, 1935
why do Canadian bills have so much detail
so it is really hard to counterfit the bills
To find the best deal, you divide the total price of an item by its weight or volume to find this specific price per ounce or gram. what is this term
unit price
If you do not pay off your monthly credit card bill in full, the credit card company will charge you this extra fee
intrest
answer free points
free points
why did coins start being made
so there would be a defined price so fights wouldn't start
why did bills start being made
because the coins where to heavy to carry around in large amounts
When you save money in a bank, the bank pays you this extra percentage fee for letting them hold your money. what is this called
intrest
This is the specific name for the long-term loan a person takes out from a bank just to buy a house
mortgage
During the Song Dynasty, this global superpower became the first nation to issue true paper banknotes, known as Jiaozi, where was this
china
where did coins first show up
in the kingdom of Lydia
who is referenced on the Canadian 20 dollar bill
Queen Elizabeth ll
If a store buys a video game for $20 and sells it to you for $50, this $30 increase is known by this business term
markup
this is a number that tells banks how good you are at paying back loans and if you are safe to lend money to
credit score
In 2009, this pseudonymous creator mined the genesis block of Bitcoin, launching the world's first decentralized cryptocurrency. who did this.
Satoshi Nakamoto
who came up with the idea to make coins
king Croesus
what was the name of the first bill
Jiaozi
In financial planning, your phone bill is this specific type of expense because the cost stays exactly the same every single month. what is this called
a fixed buget
If a person falls so deep into debt that they cannot pay it back, they may file for this legal status to erase what they owe
bankruptcy
when did the big money crash happen
1929