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