fiduciary | No Product Sales

Financial Management

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 general decrease in prices of goods and services”?

Deflation

What is currency that is not backed by a physical commodity?

“fiat money”

What is the most widely-used currency in the world?

The US dollar

Who is the person on the US $1 bill?

George Washington

Where or when was the first recorded use of paper money?

In the Tang Dynasty of China, in the 7th century

What was the name of the currency used in Spain before the euro?

Pesetas

What is a market in which prices are rising and investor confidence is high?

Bull market

What is a financial instrument whose value is derived from the value of an underlying asset, such as a stock or commodity?

Derivative

What is the act of buying or selling securities based on non-public information?

Insider trading

What is the name of the currency used in Australia?

Australian Dollar

If you don’t repay a debt, what might a creditor place against your property (for example, your house) as collateral until you pay up?

Lien

Founded in 1971, the National Association of Securities Dealers Automated Quotations is better known as what stock exchange?

NASDAQ

A FICO score calculates your creditworthiness, but what does FICO stand for?

Fair Isaac Corporation

Accountants use different methods of depreciation for tax purposes. What do the letters in the Acronym LIFO stand for?

Last In First Out

What is the name of the currency used in Switzerland?

Swiss Franc

What credit card company adopted a gladiator or centurion into their logo in 1958? Although the image has taken less prominence in the brand over time, it still appears on the company's products.

American Express

In 2001, Goldman Sachs coined the phrase BRIC as an acronym for the four biggest developing economies: Brazil, Russia, India, China. Located on Cape Agulhas, what fifth country added an S to the acronym in 2010?

South Africa

A CD is a savings instrument which typically earns more interest than a savings account but is bound by limits set within a contract. What does CD stand for?

Certificate of Deposit

When the stock market index S&P 500 is referenced in the U.S. What does the S&P stand for when the S&P 500 got it’s name?

Standard and Poor's

Which type of stock is higher-up on the chain of claim than common stock, but not as high up as bonds?

Preferred Stock

What mythical term was first popularized in 2013 by venture capitalist Aileen Lee to describe a startup with a market valuation of more than $1 billion?

Unicorn

According to data from the National Association of Realtors, 13% of homebuyers used a mortgage to finance what initial sum to be paid for their new house in 2022?

Down Payment

Hedge fund manager Bobby Axelrod's aggressive attempts to make money, and U.S. Attorney Chuck Rhoades's attempts to prosecute him, form much of the plot of what Showtime TV series?

Billions

What document can be defined as a statement of financial position, listing a company’s assets, liabilities, and equity? It can be used to determine financial return and a business’s capital structure.

Balance Sheet

What two-word, alliterative term is the process by which a fund manager asks the fund’s investors to contribute a portion of their fund commitment?

Capital call

Increasingly popular as a way to attain exposure to a wider array of investments, the financial term ETF most often stands for what three words?

Exchange Traded Fund

Who created the first credit card or when was it created?

The Diners Club in 1950

The southern most ATMs in the world is found at McMurdo station in Antarctica. What is currency is the only currency it dispenses?

US Dollars

In 2021, which Central American country became the first country to recognize cryptocurrency as legal tender?

El Salvador

What Boston-based private equity investment firm was co-founded by former Massachusetts governor and Utah Senator Mitt Romney?

Bain Capital

What do you call a period of slow economic growth and high inflation rates?

Stagflation

What is the official currency of the country Ecuador?

United States Dollar

Created in 2009, what was the first decentralized cryptocurrency?

Bitcoin

What is the difference between “hard money” and “soft money”?

Hard money is backed by a physical commodity, while soft money is not.

What is a “bearer bond”?

A bond that is payable to whoever holds it, rather than to a named owner.

What or where is the world’s oldest central bank?

Sweden’s Riksbank

What is the Spanish word for money?

Dinero

What is currently the world’s most valuable currency?

The Kuwaiti Dinar (KWD)

What is the origin of the $ symbol for the US dollar?

The dollar symbol originated from Spain being used as early as the 1770s. It was originally known as the “peso symbol.”

What is the world’s most expensive coin?

The 1794 Flowing Hair Silver Dollar

What is the name for the monetary unit used in Thailand?

Thai Bhat

How many notes does the US government print per day?

Approximately 38 million

Which President is on the United States 1,000 dollar bill?

Grover Cleveland

What is the study and collection of coins and currency called?

Numismatics

Where or when was the world’s first modern bank established?

Italy in the 1400s

Who is the person on the US $10 bill?

Alexander Hamilton

What year was the two dollar bill last printed in the United States?

2014

What is a monetary system in which the value of currency is fixed to a certain amount of gold?

Gold standard

What is the curve that shows the relationship between tax rates and government revenue, at certain point, further tax increases actually lead to a decrease in revenue?

Laffer curve

What is a market in which goods or services are traded outside of official channels, but are still legal?

Grey 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