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What do yuo know about finance?

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  • What does an overdraft mean?
    Allowing customers to take out more money ffrom the bank than they had in it
  • What does cryptomining mean?
    Process of validating a cryptocurrency transaction(blockchain)
  • rent, electricity bills, administrative costs are all examples of o...........................
    overheads
  • What is a credit crunch?
    credit squeeze
  • What is a tax break?
    Tax relief
  • What do sharehoder get when the company makes a profit?
    Dividend
  • What does cash advance mean?
    Money taken before carrying out the service
  • 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
  • Difference between tangible vs intangible assets
    physical vs non exsisting
  • Explain the difference between pay off and pay back a loan
    Completed vs in progres
  • Difference between shares and bonds
    shares return depends on profit. Bonds return guaranteen
  • What is a bear market?
    Shares fall down - opposite of bull market
  • What does it mean to default on a loan
    not to pay
  • What does depreciation mean?
    Reduction in the value of an asset over a period of time
  • Main difference between a balance sheet and profit and loss account?
    Balamce sheet (snapshot) Profit and Loss (specific period of time)
  • Explain the difference between revenue vs profit
    Total amount of income. Profit remains after paying all the expenses
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