Library›Money Sense›One card

A LITTLE SOMETHING WORTH KNOWING

A small discovery. Yours to pass on.

Everyday LifeOne small ahaFinancial concept

This economic term means the value of the best alternative forgone when making a choice.

Think it. Then flip it. ahamoraTap to reveal Back to the cue
Everyday LifeOne small aha
Your new ahaOpportunity cost

The relevant alternative is the next best option, not the sum of every rejected option. Source: Opportunity cost ↗

ahamoraReference ↗

Keep the thread going

One answer is a beginning.

Share a little curiosity, or follow it into the full collection.

Flip the full deck →

More from Money Sense

A few more worth knowing.

  1. 32In a graduated income-tax system, this rate applies to the next unit of taxable income.RECALL
    Marginal tax rateOpen this card ↗
  2. 01These percentage rates express interest charged on borrowing or paid on savings over a stated period.RECALL
    Interest RatesOpen this card ↗
  3. 02This kind of interest earns interest on earlier interest.RECALL
    Compound InterestOpen this card ↗