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Financial Management

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Purposeful Strategic Partners provides families and businesses with a suite of outsources financial management services to align finances with goals and values.

What is the origin of the “greenback” nickname?

The color of the US currency

What is “the general increase in prices of goods and services”?

Inflation

What was the first official currency in the world?

The shekel

According to Benjamin Franklin, only this financial charge and death are certainties in life.

Taxes

What is the world’s oldest still-existing currency?

The British Pound Sterling (GBP)

During the Civil War, the United States and the Confederate States suspended the use of what as payment?

Gold

What is an investment fund that uses high-risk strategies to generate high returns for its investors?

Hedge fund

Although they each use their own version of the currency, Argentina, Chile, Colombia, Cuba, the Dominican Republic, Mexico, the Philippines, and Uruguay all use a currency with what four-letter name?

Peso

Headquartered in Santa Clara, California and often referred to by its initials SVB for short, what financial institution suffered a bank run in 2023, leading to the largest bank failure in the US since the 2007-08 financial crisis?

Silicon Valley Bank

What is the practice of buying and selling assets in different markets to take advantage of price differences?

Arbitrage

What is the name of the currency used in Japan?

Yen

Which mega company’s industrial average shows you how 30 top stocks in the United States are performing and serves as a benchmark that you can compare your investments to?

Dow Jones

If you’re borrowing money to finance your business and you want to know how much interest you’ll pay on it in a year, look for the APR. What is APR an acronym for?

Annual Percentage Rate

The Financial Accounting Standards Board (FASB) is a non-profit "standard-setting body" that establishes and improves the set of accounting principles used in the U.S. and known by what four-letter acronym?

GAAP

The Accounting Hall of Fame was created in 1950 at what large Ohio University?

Ohio State

Both the tax preparation application TurboTax and the small business accounting program QuickBooks are products owned and sold by what publicly traded company?

Intuit

Based on the nonfiction book of the same name by Michael Lewis, what 2015 film stars Christian Bale and Steve Carell as financiers who play the market in the years leading to the 2007 housing-market crash?

The Big Short

There are a couple of “B” words that are important if someone dies and leaves a will. The first is “beneficiary,” which would be a surviving person that the deceased would like to leave things (including their money) to. What’s the other “B” word that describes the action of gifting assets to someone in a will?

Bequeath

What numerical chapter of bankruptcy under U.S. bankruptcy code allows a company to reorganize?

Chapter 11

What is the "trashier" name for a "high yield bond" that is typically issued by companies with low credit ratings?

Junk Bonds

In January 2021, Janet Yellen became the first woman to serve as the United States Secretary of the Treasury. From 2014-18, she was the first woman to serve in which role?

Chair of the Federal Reserve

Referring to efforts to verify identity, suitability, and risk in a business relationship, the fintech abbreviation KYC stands for "know your WHAT?"

Customer

What Switzerland-based bank failed and was taken over by UBS in March 2023 in an all-stock deal brokered by the Swiss government?

Credit Suisse

In the insurance business, what is the name for a person whose job it is to analyze statistics to calculate risks and price premiums accordingly?

Actuary

"The Oracle of Omaha" is a nickname often used to describe what legendary American investor and CEO of Berkshire Hathaway?

Warren Buffett

What is a market in which prices are falling and investor confidence is low?

Bear market

What is the origin of the term “economy”?

The Greek word “oikonomia,” meaning “household management”

What building is found on the back of a United States 100 dollar bill?

Independence Hall

When or where was the first ATM installed?

In London in 1960s

What is a deliberate decrease in the value of a currency?

Currency Devaluation

What do you call “extremely high and rapid inflation rates”?

Hyperinflation

What was the first publicly traded U.S. company to reach a $1 trillion market cap?

Apple

Who issued the first paper money in the United States?

The Massachusetts Bay Colony in 1690

Who is the person on the US $20 bill?

Andrew Jackson

How many coins does the US Mint produce per year?

Approximately 28 billion

Where or when was the world’s first stock exchange established?

Amsterdam in 1602

Who is the person on the US $100 bill?

Benjamin Franklin

What is the name of the official currency of Costa Rica?

Costa Rican Colón

Before the introduction of the euro, what was the name for the basic monetary unit used in the Netherlands?

Guilder

Spanish silver dollars, originally called the Spanish peso, were each worth how many Spanish reales?

Eight (Which is where the term pieces of 8 comes from)

Where or when was the first recorded use of metal coins?

Lydia in the 7th century BC

What are the most expensive credit cards in terms of annual fees in the world?

The Centurion® Card from American Express or Black Card with a $5000 annual fee

Approximately how much Monopoly money is in each game box?

A little over $20,000

What year was the US federal reserve created?

 1913

Who is the person on the US $5 bill?

Abraham Lincoln

What precious metals were the first coins made out of?

Electrum, an alloy of silver and gold

What is a banking system in which only a fraction of deposited funds are held in reserve, while the rest are used for lending?

Fractional reserve system

What is the international monetary system established in 1944, which fixed exchange rates to the US dollar and made it the world’s reserve currency?

Bretton Woods system

What is a monetary policy tool used by central banks to increase the money supply by purchasing government bonds or other securities?

Quantitative easing

What is an illegal market in which goods or services are traded without government regulation or oversight?

Black Market

Resources

Behavioral Finance Mini Course

Ten-day mini-course to improve your behaviors around investing. This course isn't about trading or choosing the best investments. It’s about true self-reflection so you can make the most of your time and hard-earned money. And about how to align your finances with your values.

Retirement Readiness Checklist

Your 22-point checklist to make sure you’ve considered critical questions about retirement and help you develop:

• A Holistic Income Strategy

• A Market Readiness Strategy

• A Forward-Thinking Tax Strategy