Money
Taxes
Budgeting
Credit
Miscellaneous
100

Anything that serves as a medium of exchange, a measure of value, and a store of value.

What is money/currency?

100

Government fees (charges) on purchases, income, real estate, and other economic goods/activities.

What are taxes?

100

Total amount of income prior to taxes being taken out.

What is gross income?

100

Things to consider when looking into getting a credit card.

What are APR, annual fees, other fees, grace period, and credit limit?

100

Animal commonly used to represent when a market is doing well.

What is bull?

200

The four characteristics of money.

What is portability, durability, divisibility, and scarcity?

200

Type of tax where percentage paid increases relative to income or value.

What is a progressive tax?

200
Income left after taxes and deductions are taken out.

What is net income?

200

FDIC stands for:

What is Federal Deposit Insurance Corporation?

200

When supply of a good exceeds the demand for that good there is a _____________

What is a surplus?

300

"Legal tender" backed by government decree.

What is fiat money?

300

Type of tax where percentage paid decreases relative to income or value.

What is regressive tax?

300

Amount left after taxes, deductions, and general expenses are deducted.

What is disposable income?

300

Type of interest calculated using the equation: 

I=p x r x t

What is simple interest?

300

The joining of two or more firms competing in the same market with the same good or service.

What is a horizontal merger?

400

Something that keeps its value if it is stored rather than used.

What is store of value?

400

Four criteria for effective taxes.

What are equity, simplicity, efficiency, and certainty?

400

A loan that enables you to buy a house.

What is a mortgage?

400

Interest paid on original principal and additional interest paid.

What is compound intested?

400

Type of policy meant to decrease the money supply.

What is contractionary monetary policy?

500

Anything that is used to determine value during the exchange of goods and services.

What is medium of exchange?

500

Type of policy that deals with taxation and government spending. (Think about last unit)

What is fiscal policy?

500

One type of savings account is called a CD. This stands for ______________________

What is Certificate of Deposit?

500

Borrowing money to pay for something now that you will pay back at a later date

What is credit?

500

Type of policy meant to increase output.

What is expansionary fiscal policy?

Click to zoom