Business and Current Affairs Flashcards
Many African governments have expressed scepticism about the viability of cryptocurrencies.
skepticism /skep·ti·si·zm/
an attitude of doubt
viability /vai·uh·bi·luh·tee/
ability to work as intended or to succeed
cryptocurrencies /krip·tow·kr·uhn·seez/
a digital currency produced by a public network, rather than any government.
We fear what we don’t understand.
To fear = to be afraid/scared
Akon’s city could lead to greater wealth inequality.
” lead to” If an action or event leads to something, it causes that thing to happen or exist.
Eating Mc Donald’s every day will lead to obesity.
I rely on you for good advice.
to rely /ruh·lai/
to depend on or trust someone or something
What is social proof?
Social proof is the idea that consumers will adapt their behavior according to what other people are doing.
(quote from a Hubspot article)
The money you earn on your savings is called _____.
The money you earn on your savings is called interest.
Savings - poupança
Financial interest https://financial-dictionary.thefreedictionary.com/interest
- Interest is what you pay to borrow money using a loan, credit card, or line of credit.
- Interest also refers to the income, figured as a percentage of the principal, that you’re paid for purchasing a bond, keeping money in a bank account, or making other interest-paying investments.
The government did this to stimulate the economy.
The government did this to stimulate the economy.
Be careful not to say :‘“es-tim-you-late”
stim-you-late
During the period that Rodrigo was working with me in Sicredi, the interest rate was at 14%, now it’s 2%.
You can say: period /era / time
In the year two thousand, most people were interested in investing in
dot-com companies.
. = dot
The Mexican entrepreneur also runs a small pizza business.
To run (a business, a company): gerir (uma empresa), administrar (um negócio)
Also - também
A Mexican fintech start-up, whose success at lending modest sums in minutes has catapulted into the top 50 fastest-growing companies in the Americas.
lending modest sums - giving loans of small quantities of money.
The company functions as an online lender.
Lender: an organization or person that lends money.
Mr Méndez initially borrowed 80,000 pesos ($3,320),
Borrow is to receive a lend of money.
80,000 pesos - Eighty Thousand pesos
$3,320 - Three thousand, three hundred and twenty dollars
The company is going to go bust.
To go bust: If a company goes bust, it loses so much money that it is forced to close down
Everything that is measured can be improved.
Everything that is measured can be improved.
measured /meh·zhrd/
Charity is not sustainable in the long-term.
Charity - tche-re-tee
Sustainable - suhs·tei·nuh·bl
