Finance Flashcards

Finance Flashcards

Assessment

Flashcard

Business

12th Grade

Practice Problem

Easy

Created by

Alexandra Sayers

Used 1+ times

FREE Resource

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13 questions

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1.

FLASHCARD QUESTION

Front

Administrative law

Back

Ensure that government agencies act within their legal authority, protect citizens' rights, and promote accountability, fairness, and efficiency in the enforcement of regulations.

2.

FLASHCARD QUESTION

Front

Fiduciary

Back

Someone obligated to act in the best interest of another party, prioritizing their interests above their own.

3.

FLASHCARD QUESTION

Front

Luxury tax

Back

An extra charge on expensive, non-essential items like high-end cars or jewelry, aimed at wealthier buyers to raise government funds.

4.

FLASHCARD QUESTION

Front

Ponzi scheme

Back

A type of fraudulent investment scam in which returns are paid to earlier investors using the capital from new investors, rather than from profit earned by the operation.

5.

FLASHCARD QUESTION

Front

Future Value

Back

The amount of money an investment will grow to over time, considering interest or growth.

6.

FLASHCARD QUESTION

Front

Simple Interest Formula

Back

FV = P * (1+r*t). P = initial investment (principal), r = annual interest rate, t = time (in years).

7.

FLASHCARD QUESTION

Front

Compound Interest Formula

Back

FV = P * (1+r/n)^n*t. P = principal, r = annual interest rate, n = number of compounding periods per year, t = time (in years).

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