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Abeka Grade 12 Chapters 8-9: Economics: Work and Prosperity Practice Final Test (Q4) Flashcards | StudBud
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Abeka Grade 12 Chapters 8-9: Economics: Work and Prosperity Practice Final Test (Q4)
Abeka Grade 12 Chapters 8-9: Economics: Work and Prosperity Practice Final Test (Q4)
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Abeka Grade 12 Chapters 8-9: Economics: Work and Prosperity Practice Final Test (Q4)
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1
What is the value asserted to the worth of a coin or bill?
face value
absolute value
intrinsic value
constant value
2
These allow for the investment of money in a wide variety of areas.
limited liability
insurance
mutual funds
pension plan
3
What are the three principal purposes or fucntions of money? choose purpose one
time
medium of value
amount invested
rate of return
4
What term refers to one who lends money or capital?
creditor
partner
debtor
conglomerate
5
These are any form of money that has been declared a valid means of payment.
stocks
bullion
mint coins
legal tender
6
These are the resources corporations gather by selling ownership in their business.
savings
stocks
dividends
retail
7
When too much money is in circulation, the result is
inflation
.
deflation
True
constant value
more demand
8
The legal entity that is distinct from the people who own it.
legal analyst
mutual funds
entrepreneur
corporation
9
These are payments for insurance.
specie
stocks
premiums
dividends
10
What is legal tender that is backed by only a government's promise?
store of value
certificate of deposit
specie
fiat money
11
What United States Department is responsible for coining and printing American money?
Health Department
Security Department
Publoc Works Department
Treasury Department
12
What are the three principal purposes or fucntions of money? choose purpose three
fair assessment
store of value
retail portfolio
bonds
13
What type of account guarantees a certain interest rate and has a specified maturity date?
CD
money market
checking
savings
14
What type of money consists only of transaction accounts, traveler's checks, and all coins and paper money held out bank
M3
M2
M1
near-monies
15
These are coined, metallic money.
savings
specie
bills
bullion
16
What are the three key elements that determine how much investments will grow? Choose key three
bullion
savings
checking
amount invested
17
What did the apostle Paul say was the root of all evil?
love of greed
love of money
love of investing
love of self
18
Trade
is the exchange of one good for another good without a standard money form passing from hand to hand.
Investment
Economic Adjustment
Barter
Crypto currency
19
This protects stockholders from paying the firm's creditors in event of failure or bankruptcy.
liquid investments
pension plan
mutual funds
limited liability
20
What principle refers to people hoarding stable forms of money while spending less stable forms?
Newton's Law
Baker's Law
Smith's Law
Gresham's Law
21
What does
CD
stand for?
Certificate of Deposit
Credit Discount
Calculated Deflation
Consumer Deposit
22
These are shares of a corporation's profit.
legal tender
stock
premiums
dividends
23
What corporation created by Congress insures the money in each type of bank account?
National Recovery Administration (NRA)
Federal Deposit Insurance Corporation (FDIC)
Federal Trade Commission (FTC)
International Commercial Conglomerate (ICC)
24
These are assests that flow easily since they can be converted into other investments.
liquid investments
unlimited deductions
capital flow
tax rebate
25
What type of investment allows an individual to vote at company meetings?
common stock
bonds
mutual bonds
preferred stock
26
This is a contract between two parties fro protection against certain types of loss in exchange for payments.
insurance
limited liability
fiat money
corporation
27
What type of investment allows an individual to receive a fixed amount of dividens before other investors?
preferred stock
mutual bonds
bonds
common stock
28
The three main components of the Federal Reserve System are the Federal Open Market Committee, the Federal Reserve and .
the Market Analysis Panel
the Debt Management Committe
the Board of Governors
the Spending Board
29
What is a written order that authorizes a bank to remove funds from an account?
withdrawal
deposit
transaction
check
30
What type of account allows limited transactions and pays an interest rate that changes with the demand for loans?
money market
savings
checking
CD
31
What term refers to one who borrows money?
creditor
entrepreneur
debtor
partner
32
This guarantees the amount of original investment plus a specified rate of interest by a certain date.
bullion
bonds
bookings
bills
33
In market economies, most of the savings needed to fund R & D comes from the
public
sector.
true
private
corporate
federal
34
What quality sholuld money possess that shows its stability in value?
portability
divisibility
durability
constancy
35
What are the three key elements that determine how much investments will grow? Choose key one
awareness
time
reason
planning
36
What quality should money possess that shows its availability in small or large units?
constancy
portability
divisibility
durability
37
What is the commitment of resources to a project or purpose that is expected to bring future profit to the investor?
checking
investment
retirement
savings
38
Throughout history, many governments
deflated
their currencies by adding lead, copper, and iron to gold and silver coins
augmented
true
debased
raised
39
What are the three key elements that determine how much investments will grow? Choose key two
interest rate
pro rate
rate of return
stock cap
40
This is an arrangement for the intent of providing for retirement from work.
liquid investments
corporate funds
pension plan
tax return
41
The U.S. money supply is managed by the
Treasury Department
.
President of the United States
Board of Governors
Federal Reserve
True
42
These are bars of gold, silver, or platinum.
banking
bills
bust
bullion
43
What are the three principal purposes or fucntions of money? choose purpose two
bullion
measure of value
fiat money
stock options
