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Finance Exam #3
Every topic from Ponzi-Inelastic Demand
13
Economics
12th Grade
04/26/2021

Additional Economics Flashcards

 


 

Cards

Term
Elastic Demand
Definition
When the price of an item directly impacts demand this would be considered
Term
Cryptocurrencies
Definition
Volatile online currency such a dogecoin, bitcoin and ripple
Term
Pyramid Scheme
Definition

This type of scheme depends on recruiters to grow and make money
Term
Forex
Definition
Market that determines foreign exchange rate for every currency
Term
Stocks are also called....
Definition
Securities
Term
Ponzi Scheme
Definition

Ponzi scheme is a fraudulent investing scam which generates returns for earlier investors with money taken from later investors.

 

*Named after Charles Ponzi

*Bernie Madoff ran the largest ponzi scheme in US history

 

Term
Surplus and Shortages
Definition
A Market Surplus occurs when there is excess supply- that is quantity supplied is greater than quantity demanded. ... In this situation, excess supply has exerted downward pressure on the price of the product. A Market Shortage occurs when there is excess demand- that is quantity demanded is greater than quantity supplied.
Term
Equilibrium
Definition
When the supply and demand curves intersect, the market is in equilibrium. This is where the quantity demanded and quantity supplied are equal. ... Market is clear. 
Term
Bernie Madoff
Definition
Bernard Lawrence Madoff was an American fraudster and former financier who ran the largest Ponzi scheme in history, worth about $64.8 billion. He was at one time non-executive chairman of the NASDAQ stock market
Term
Cartel
Definition
A drug cartel is any criminal organization with the intention of supplying drug trafficking operations. They range from loosely managed agreements among various drug traffickers to formalized commercial enterprises.
Term
Bitcoin
Definition
Each Bitcoin is basically a computer file which is stored in a 'digital wallet' app on a smartphone or computer. People can send Bitcoins (or part of one) to your digital wallet, and you can send Bitcoins to other people. Every single transaction is recorded in a public list called the blockchain.
Term
Short Sale Stock
Definition
short sale is the sale of an asset or stock the seller does not own. It is generally a transaction in which an investor sells borrowed securities in anticipation of a price decline; the seller is then required to return an equal number of shares at some point in the future.
Term
Diversification
Definition
Diversification is the practice of spreading your investments around so that your exposure to any one type of asset is limited. This practice is designed to help reduce the volatility of your portfolio over time. ... One way to balance risk and reward in your investment portfolio is to diversify your assets.
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