What do yuo know about finance? | Baamboozle - Baamboozle

English 15 Public

Finance

Study Slideshow

When was the Wall Street crash

29 October 1929

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What does cryptomining mean?

Process of validating a cryptocurrency transaction(blockchain)

15

In 2008 banks had to bailout by goverments.What does bailout mean?

To provide financial help so that the business does not go to the wall

20

What do sharehoder get when the company makes a profit?

Dividend

15

Main difference between a balance sheet and profit and loss account?

Balamce sheet (snapshot) Profit and Loss (specific period of time)

20

What is a bear market?

Shares fall down - opposite of bull market

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What is a credit crunch?

credit squeeze

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What does an overdraft mean?

Allowing customers to take out more money ffrom the bank than they had in it

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What does depreciation mean?

Reduction in the value of an asset over a period of time

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Difference between tangible vs intangible assets

physical vs non exsisting

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Difference between shares and bonds

shares return depends on profit. Bonds return guaranteen

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rent, electricity bills, administrative costs are all examples of o...........................

overheads

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Explain the difference between revenue vs profit

Total amount of income. Profit remains after paying all the expenses

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What does cash advance mean?

Money taken before carrying out the service

15

What is a tax break?

Tax relief

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