Studied by 2 people
Cryptocurrency
are digital tokens, they are not physical coins or cash, it is a form of currency that exists digitally or virtually.
Financial intelligence
________ is one investment you can never lose.
Financial IQ
________ indicates how much knowledge you know about finance.
James Howells
And ________ was an early miner of Bitcoin and he had 7500 bitcoins stored in a hard drive.
hard drive
A(n) ________ is where all your data goes.
Cryptocurrency
________ is decentralized digital money, meaning… there is no central authority (bank, government) involved.
(Fun fact
if you know blockchain technology, you can create your cryptocurrency.)
Examples of other cryptocurrencies
Ethereum, Ripple, Cardano, Litecoin, Dogecoin, and Bitcoin Cash (Bitcoin is the worlds largest cryptocurrency.)
Examples
The US Dollar, Philippine Peso, Indian Rupee, The Euro, and The British Pound
Variable Expenses
expenses that vary from month to month.
Financial IQ
how much knowledge you know about finance.
Who invented bitcoin?
Satoshi Nakamoto
Discretionary expenses
non essentials, expenses for things we don't need.
Fiat money
money that the government declares to be legal tender, money printed by the government.
Periodic expenses
expenses that occur at various times throughout the year and tend to be in large amounts.
Examples of Fiat Money
Philippine Peso, US Dollars, Indian Rupee, British Pound.
Fixed expenses
expenses that does not change from month to month.
Note 
Flashcard (85)