Econ ch 2 Flashcards
1
Q
What is a bond
A
Fixed set of income, the money will be payed back in full in increments
2
Q
What is an etf
A
Exchange traded fund, a compiling of different stocks
There are two types active and passive
3
Q
What pattern has been regarding families and saving
A
It has been decreasing
4
Q
What is a contingency plan
A
A plan b
5
Q
What is an escrow account
A
A platform that pays house bills and manages your house for u
6
Q
why is having an escrow account not ideal
A
you save more money by managing the bills yourself
7
Q
the austrian school
A
promoted a total free market with minimal gov interferance
8
Q
The keneysian school
A
States that free market is bad
