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What do yuo know about finance?
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What is a tax break?
Tax relief
What does cash advance mean?
Money taken before carrying out the service
Explain the difference between revenue vs profit
Total amount of income. Profit remains after paying all the expenses
rent, electricity bills, administrative costs are all examples of o...........................
overheads
Difference between shares and bonds
shares return depends on profit. Bonds return guaranteen
Difference between tangible vs intangible assets
physical vs non exsisting
What does depreciation mean?
Reduction in the value of an asset over a period of time
What does an overdraft mean?
Allowing customers to take out more money ffrom the bank than they had in it
What is a credit crunch?
credit squeeze
What is a bear market?
Shares fall down - opposite of bull market
Main difference between a balance sheet and profit and loss account?
Balamce sheet (snapshot) Profit and Loss (specific period of time)
What do sharehoder get when the company makes a profit?
Dividend
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
What does cryptomining mean?
Process of validating a cryptocurrency transaction(blockchain)
When was the Wall Street crash
29 October 1929


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