Saving, debt and assets
Topic 4 · 13 cards
Saving, debt and assets
Budgets, reserves, debt, wealth, risk, and diversification.
Card 40 · Explorer
What is interest?
Card 41 · Explorer
When can taking on debt make economic sense?
Card 42 · Explorer
Why does a low monthly payment tell you little about a loan's total cost?
Card 43 · Captain
A loan has a fixed nominal amount and an unchanged interest rate. Prices and incomes rise over several years. Which statement is most accurate?
Card 44 · Explorer
What is the difference between an asset and a liability?
Card 45 · Navigator
What risks come with real assets such as property or gold?
Card 46 · Explorer
What does liquidity mean?
Card 47 · Navigator
What does diversification mean?
Card 48 · Navigator
What does lifestyle inflation mean?
Card 49 · Navigator
What does financial resilience mean?
Card 50 · Captain
A market has little ability to increase supply in the short term. What can happen if credit suddenly finances many more buyers?
Card 51 · Navigator
What does time preference mean?
Card 52 · Navigator