| Basic Principles | Investments | Random | Checking/Credit | Investments2 |
|---|---|---|---|---|
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What is 2 examples of how government restricts free enterprise
Zoning regulations, Child labor laws, waste disposal rules
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What is a type of investment account where your money invest with an investment company
Mutual Fund
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What are 2 ways to be paid by stock?
dividends and capital gains
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What are 2 examples of criteria that should be considered when opening an account?
is there a monthly fee, ATM fee, limit on checks, minimum balance,
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What is a fee for borrowing money
interest
|
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What is required for a nation to achieve economic goals
trade-offs
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What is individual shares (ownership) of a company that are available for purchases are called?
Stocks
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What is specialization
doing what you do best
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What is an example of equity
when you make mortgage payments and get closer to owning your home
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What is 3 examples of financial institutions?
commercial banks, investment banks, insurance companies, brokerages, savings & Loans, Credit Unions
|
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What are 2 types of Goods
Consumption, Capital, Government, Exports
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What is and IRA
Individual Retirement Accounts
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What allows your employer to credit your paycheck directly to your checking account
Direct Deposit
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What 3 things are required to open a checking account
ID, SS and minimum deposit
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What is the % of American families that have a credit card
70
|
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What is Economic Utilities
pleasure, happiness and benefit
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What is payments that a person receives from the company that they have invested in are called?
Dividends
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What is Economics
Study of how we make choices when faced with limited resources
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What is the amount of interest that you will pay on all of your purchases on a credit card each month?
Annual Percentage Rate
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What are 3 things that affect a credit score
type of credit, new debt, duration of debt
|
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What is Cost/benefit Analysis
process in which you compare what you give up and gain from an action
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What are 3 types of savings account?
savings, Money Market and CD
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What are 3 goals of Free Enterprise
Economic Freedom, Efficiency, Equity, Security, Stability and Growth
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What are 3 examples of services a bank may offer their customers
checking/savings account, debit card, credit card, loans, ATM, overdraft protection and wire transfers
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What is Net Income
money you take home after taxes
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