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Money, Banking and Finance Review Flashcards | StudBud
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Money, Banking and Finance Review
Money, Banking and Finance Review
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#Economics Review for a test
Flashcards
25 cards
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Questions
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Answers
1
The Gold Standard is an example of what value of money?
Fiat
Real
Representative
Commodity
2
If I go to the store to buy something and they are out, what would this be known as?
Elasticity
Shortage
Surplus
Scarcity
3
Being able to carry 100 or 1000 dollars with you is what characteristic of money?
Durability
Uniformity
Portability
Acceptability
4
What use of money is this?
Medium of Device
medium of Exchange
Store of Value
Unit of Account
5
The interest that you are paid on a bond is known as what?
Discount Coupon
Maturity
Par Value
Coupon Rate
6
What was not one of the problems with the free banking era?
one currency
bank panics
varied currencies
Wild cat banks
7
An investment that has potentially good return and I can access quickly would be?
Mutual Fund
Stock
Bond
Savings
8
A share that pays dividends is known as what?
Common
Growth
Income
Preferred
9
What insures your credit union deposits?
FBI
NCAA
FDIC
NCUA
10
What is one word to describe a Bond?
Gain
Loan
Profit
Guarantee
11
What Key event led to the creation of the FDIC?
Great Recession
Great Depression
Great Deployment
Great Debate
12
What makes a credit union different than a bank?
It is for Profit
It is owned by shareholders
It is a member of the FDIC
It is Nonprofit
13
Which group wanted to see the central government in charge of banking?
Anti-Functionalists
Anti-Federalists
Federalists
Functionalists
14
If the stock market has seen a steady increase in prices it is known as what type of market?
Bat
Bunny
Bull
Bear
15
Which of the following is an example of thinking at the margin?
to stay at disney world for an extra day
to study for the test
to eat lunch
to buy a pet
16
If I was interested in investing in a mutual fund what would inform me about the mutual fund
bonds
Portfolio
Capital Gains
Prospectus
17
What type of bond paid for improvements to our school?
Treasury Bill
Corporate Bond
Municipal Bond
Treasury Bond
18
What characteristic of money controls inflation?
Divisability
Durability
Limited Supply
Limited Portability
19
What type of Economy does China employ?
Mixed
Command
Free Market
Playdoh
20
The current value of our money is known as what?
Representative
Chrysler
Commodity
Fiat
21
The most well known companies traded on the NYSE are known as what?
Draft Stocks
All Stars Stocks
First Round Stocks
Blue Chip Stocks
22
What is the Central Bank of the United States?
Federal Reserve
US Treasury
1st Bank of the United States
Comerica Bank
23
If I want to buy a share that pays no dividends and allows me to vote what would I select?
Growth Preferred
Growth Common
Income Common
Income Preferred
24
The system in which you exchange one good or service for another is known as this
Barter
Free Market
Mixed
Command
25
What is one of the agencies that rates bonds?
Bonds R Us
Standard and Poor's
Standard Insurance
Money's