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Banking and Money Flashcards | StudBud
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Banking and Money
Banking and Money
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1
The total income of a nation’s economic growth from one calendar year calculated by what a country buys and sells.
GDDPP
GPN
GNP
GDP
2
If you put $100 into a bank account, approximately how much does the bank have to keep?
15%
25%
3%
33%
3
A steady rise in the stock market is called
Lion Market
Bull Market
Cat Market
Bear Market
4
This agency created by the Congress to maintain stability and public confidence in the nation’s financial system.
HDMIU
FBI
NCAA
FDIC
5
What is investment?
the time you put into something
redirecting resources to create future benefits
redirecting resources to create past benefits
giving money away to others
6
The UN's Human Development Index measures
how education and wealth are connected in a country
how many people live in a developed country
the age, weight, and mental health of people in a country
life expectancy, literacy, education, and quality of life
7
How does the bank “create” money?
They invest it in crypto currency
They make fake bills and put them in circulation.
They loan out money and collect the interest.
They print it at the bank.
8
College teaches you skills that will help you get a higher income.
College Theory
College Course Theory
Human Capital theory
Skill Development Theory
9
The real GDP divided by the total population of a country.
GDP per state
GDP wealth
GDP debt
GDP per capita
10
A general increase in prices across an economy.
consumer price index
market basket
price index
inflation
11
The money being kept inside the bank to meet the Reserve Requirement Ratio.
interest
reserves
stockpile
loans
12
GDP gives an overall picture of the ________ of the economy. *
Heatlh
Wealth
Poverty
Debt
13
How long does GDP measure?
10 years
15 years
5 years
1 year
14
The price paid for borrowed or saved money is called...
late fee
APR rate
interest
debt
15
A price floor that prevents employers from paying workers below a specific amount.
pay equity
minimum wage
overtime pay
maximum wage
16
A credit score measures...
a consumer's creditworthiness
how many assets you have
how much you spend
how much cash you have available
17
GDP per capital today is ______ times more than a hundred years ago.
3
10
8
25
18
The way in which a nation’s total income is distributed among its population
poverty rate
income gap
income distribution
cash flow
19
Which of the following is not an example of a Commodity?
human capital
sugar
oil
wheat
20
A credit score is based on all of the following EXCEPT...
total levels of debt
how much money you give to charity
number of open accounts
repayment history
21
In order to check your credit score you will need to pay money to a credit service.
False
True
22
Why are bonds sold?
to earn interest and to invest in a fairly safe financial vehicle
to earn no interest and to take money from public works
to finance war and to raise money to expand businesses
to earn you money in your savings account
23
A steady drop in the stock market is called
Lion Market
Bull Market
Cat Market
Bear Market
24
All of the following are functions of financial institutions EXCEPT...
investing your money in the stock market
loans
saving money
Storing money
25
The strategy of spreading out investments to reduce risk.
diversification
crypto currencies
money laundering
buying stocks
26
The movements of parts of a company’s operations to another country.
offshoring
brain drain
outsourcing
free trade
27
The interest rate you'll pay on balances you carry from month to month.
gdp
annual percentage rate
late fee
annual fee
28
Depending on your credit score and payment history, you may be able to take out one of these for a car, house, ect...
Loan
savings account
money market
checking account
29
What is money based on?
Gold and Silver
Gold
Friendship
Trust
30
How is the American dollar in limited supply?
it can be broken down into cents, quarters, etc..
the Federal Reserve only makes a certain amount
the cloth used to make money is in limited supply
it can be destroyed easily
31
A collection of financial assets.
GDP
Investment Portfolio
Savings Account
Commodity Accounts
32
What the government prints and declares it will support.
Cash
Gold
Currency
Money
33
The total amount of currency and debt circulating.
1 Million $
cash
money
currency
34
In this account you earn more interest but you have less access to your money. Most people use these to save money
checking account
Mortgage
money market
savings account
35
What does a bank do with your money?
Loan some of it out.
Buys stocks with it
Save it for a rainy day.
Keep it all in the bank as currency.
36
An ownership interest in a business.
bonds
stocks
commodities
cds
37
This account earns slightly more interest than savings accounts (while maintaining your access to cash).
CD
Money Market
Checking Account
Savings Account
38
In this account you earn much more than savings account but it requires you to lock up your funds for a certain period.
money market
savings account
CD
Checking Account
39
What changed productivity in the 1990's?
machines
internet
computers
cell phones
40
The ability to produce more output per worker per hour.
incentive
Capital Deepening
Productivity
Trustworthiness
41
Both a virtual and a physical market where investors buy and sell shares of companies’ stock
stock market
Government Trust Market
fish market
Henry Clay's House
42
Which is NOT a popular stock index?
NASDAQ
S&P 500
Dow Jones Industrial Average
HDMUI
43
You can make payments and receive direct deposits from this account.
Money Market
Checking Account
Mortgage
CD
44
The percentage of the nation’s labor force that is unemployed.
underemployment
jobless rate
unemployment rate
functional underemployement
