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Chapter 6 Economics Quiz Flashcards | StudBud
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Chapter 6 Economics Quiz
Chapter 6 Economics Quiz
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Questions
12
Answers
1
Commodities are NOT interchangeable with goods of the same type.
True
False
2
A call option gives the holder the right to…
Buy a commodity when they are willing and able
Buy or sell a commodity at a pre-arranged price or time
Buy a commodity at a pre-arranged price and time
Sell a commodity at a pre-arranged price and time
3
Where goods are traded for immediate delivery.
Spot markets
Bull markets
Bear markets
Future markets
4
The most widely quoted indicator of general stock market trends in the U.S.A. is known as…
Daniel James Industrial Average
Dow Jones Industrial Average
Davy Jones Industrial Average
Danny Jones Industrial Average
5
A put option gives the holder the right to sell a commodity at a pre-arranged price and time.
True
False
6
What is Ms. Lo Faso’s first name?
Nancy
Dancy
Gertrude
Clancy
7
Calculated daily based on closing prices of 30 blue chip(safe and stable US corporations traded on the NY Stock Exchange
Dow Jones Industrial Average
Future Market Indsutrial Average
Bull Market Industrial Average
Spot Market Industrial Average
8
Commodities markets include…
Spot markets and future markets
Just future markets
Elastic and inelastic market
Spot markets and past markets
9
A bear market is a…
Stock market under the influence of traders who expect prices to fall
Market where bears are traded and produced
Very large market
Stock market under the influence of a government causing decreasing prices
10
A bull market is a…
Market influenced by a large number of investors expecting price increases
Market influenced by a small number of investors expecting price decreases
Market influenced by a small number of investors expecting price increases
Market influenced by a large number of investors expecting price decreases
11
A commodity is a raw material or natural resource that can be traded and used to produce goods
False
True
12
Where prices are agreed to in advance, for delivery at various dates in the future.
Bear markets
Future markets
Spot markets
Bull markets
