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FINANcE???? Flashcards | StudBud
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FINANcE????
FINANcE????
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Questions
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Answers
1
What year did Kyle graduate college?
2005
2022
2021
2012
2
eCash, the first digital payment system is developed.
1999
2005
1983
2020
3
Which statement is true about debit and credit cards?
You get a monthly statement for a credit card, but not for a debit card
Credit cards withdraw money directly from a bank account; debit cards don't
More businesses accept credit cards than debit cards
Debit cards withdraw money directly from a bank account; credit cards don't
4
What is the name of the meme-inspired cryptocurrency that has been gaining popularity in recent weeks?
Birdecoin
Mousecoin
Dogecoin
Catecoin
5
The Bitcoin blockchain is launched when the first block, called the genesis block, is mined.
2009
2010
1998
1995
6
Who created Bitcoin?
Donald Trump
Ingvar Kamprad
Vitalik Buterin
Satoshi Nakamoto
7
The term “cryptocurrency” is officially established.
2011
1998
2027
2022
8
Name an example of a benefit of cryptocurrency. (2 correct answers)
Accessibility, able to be used by anyone, anywhere
Steep learning curve
Free of any government’s presence, very decentralized
Volatility
9
Why is compound interest more beneficial than simple interest?
Fees for compound interest are greater than simple interest
Your money grows faster when it is compounded
Compound interest is hard to calculate, so fewer use it
You earn interest on your interest
10
What is fiat currency?
A digital currency not backed by the central government
Legal tender that is not backed by the central government
A digital currency backed by the central government
Legal tender that is backed by the central government
11
_____ means having the knowledge and skills to manage your personal finances.
Interest
Liability
Personal finance
Financial literacy
12
Earned income is any money you make from things like interest and dividends.
True
False
13
What will we do in Kyle's Game Design Class next year?
All are correct
Paint Miniatures
Play/ Create Table Top Games
Create our own D&D campaigns
14
Which of the following taxes is applied to wages, salaries, dividends, and interest earned?
Estate Tax
Excise Tax
Corporate Income Tax
Income Tax
15
"Interest" is money that ...
Can be calculated by a percentage rate
All of the above
A bank charges when you borrow money in a loan
A bank pays when you keep money in a savings account
16
What is cryptocurrency?
A new coin based currency used in many parts of the world.
The way in which currency is being manipulated online
A digital currency that operates fully online
The process in which currency such as USD is moving online
17
Dogecoin, the first meme coin launches as a joke.
2021
2016
2013
2020
18
What is Kyle's Favorite Movie
Pulp Fiction
Josie and the Pussycats(2001)
Fight Club
American Psycho
19
Bitcoin, the world’s 1st and largest cryptocurrency, consumes:
more electricity than America
the same amount of electricity as America
more electricity than Argentina
the same amount of electricity as Argentina
20
Fiat currency
Is backed by gold
Is another term for crypto-currency
No longer exists
Is based on the public's' confidence
21
Benefits of credit cards are:
All of the above are benefits.
Some credit cards allow you to earn rewards when you use them
Credit cards can build an individuals credit score, which has benefits.
Convenience to pay in-store, online or on a mobile phone
