Betting that price of an asset goes up

Financial Literacy Flashcards

1

What is a commodity?

Raw material
Stock
Currency
Bond

2

What is speculation?

Betting that price of an asset goes up
Selling of an asset
Betting that price of an asset stays the same
Betting that price of an asset goes down

3

Income is money received from labour or goods

False
True

4

What is a treaty?

Family contract
City Laws
Agreement between States
Agreement between cities

5

Which are assets?

Liabilities
Debts
Expenditures
Properties

6

Which describes credit?

Expenditure
Income
Loan
Asset

7

What are constitutions?

Laws in the United Nations
International Agreement between state and state
Internal Agreement between people and State
Multinational Organization

8

What is a financial bubble?

Expenditure
Income
Overvalued assets
Debt

9

What is anarchy?

Debt
No government
Expenditure
Income

10

What is debt?

Income
Asset
Owed money
Expenditure

11

What is a bond?

Debt instrument
Currency
Commodity
Stock

12

Net Worth = Assets -

Liabilities
Equity
Currency
Income

13

What is a revolution?

Income
Debt
Expenditure
Major change

14

What is populism?

People's movement
A left wing movement
Economic theory
A right wing movement

15

What is civil war?

War between foreign enemy
Internal conflict
Global conflict
War between allied countries

16

A wealth gap occurs only in capitalist societies

False
True

17

Which is a stock?

Bond
Commodity
Debt
Equity

18

What is fiat currency?

Government-issued
Gold-backed
Cryptocurrency
Commodity-based

19

Which is the current reserve currency?

Bitcoin
Gold
US Dollar
Euro

20

Under capitalism, the means of production(What is made in the economy) are owned by

Public Interests
The Government
The Nobility
Private Interests

21

What is expenditure?

Spending
Asset
Income
Debt

Financial Literacy

Questions 21

Financial Literacy

Questions 21