Econ ch 2

Question 1

What is a bond

Answer 1

Fixed set of income, the money will be payed back in full in increments

Question 2

What is an etf

Answer 2

Exchange traded fund, a compiling of different stocks
There are two types active and passive

Question 3

What pattern has been regarding families and saving

Answer 3

It has been decreasing

Question 4

What is a contingency plan

Answer 4

A plan b

Question 5

What is an escrow account

Answer 5

A platform that pays house bills and manages your house for u

Question 6

why is having an escrow account not ideal

Answer 6

you save more money by managing the bills yourself

Question 7

the austrian school

Answer 7

promoted a total free market with minimal gov interferance

Question 8

The keneysian school

Answer 8

States that free market is bad