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Chapter 16 Review Flashcards | StudBud
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Chapter 16 Review
Chapter 16 Review
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Chapter 16
Flashcards
30 cards
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Practice quiz
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Questions
30
Answers
1
Fiat money has value because
it is backed by something else of value.
it has a useful purpose.
banks accept it for deposits.
the government says it does.
2
What is a dividend?
When a stock is divided up into multiple cheaper stocks
A distribution of profits by a corporation to its shareholders.
A distribution of only $5 by a corporation to its shareholders.
When a stockbroker pays the client
3
Anything that is widely accepted in exchange for goods and services is called:
bond.
barter.
stock.
money.
4
Which of the following assets is an example of money?
stock certificates
government bonds
the amount in your IRA
coins in your pocket
5
In inside the vault, what country has the closest counterfeit note to the U.S.?
Canada
South Korea
North Korea
China
6
Any place that obtains money mainly through client deposits falls into a broad category of:
a credit union.
a Federal Reserve Bank.
a Treasury institution.
a depository institution.
7
To be considered useful as modern money, an object must be all of the following EXCEPT:
durable.
backed by gold.
in limited supply.
portable.
8
What is an example of the newer digital currency that is not regulated?
Stocks
Bitcoin
Bonds
Botcoins
9
What is the minimum number of shares you have to invest in each stock in the Stock Market Game?
10
3
5
100
10
When a person makes price comparisons among products, money is being used as a:
medium of exchange.
store of value.
means of deferred payment.
unit of account.
11
Money that has value apart from its use as money is called:
fiat money.
a demand deposit.
representative money.
commodity money.
12
Why did people stop using the barter system?
Bartering made it hard to get needed goods.
Bartered goods lacked value.
Bartering was unfair to both buyers and sellers.
Bartering became illegal.
13
As a generally accepted form of payment for virtually anything buyers seek, money serves as a:
medium of exchange.
store of value.
means of deferred payment.
unit of account.
14
What stock can't you purchase on the Stock Market Game?
American Airlines Group Inc. NYSE
Tattooed Chef, Inc. NASDAQ
Dark Pulse Inc OTC
Lockheed Martin Corporation NYSE
15
During a period of overall rapidly declining stock prices we experience:
a bear market.
a bull market.
a futures market
an options market.
16
What is the largest stock exchange?
New York Stock Exchange
NASDAQ
Bear market
Bull market
17
When you put money in your savings account to save up for college, money is serving as:
a medium of exchange
a unit of account
a store of value
a system of barter
18
Money, as a ____________, can be saved and will hold its value relatively well over time.
unit of account.
means of deferred payment.
store of value.
medium of exchange.
19
What is the ticker symbol?
gogg
NASDAQ
GOOG
GOOGLE
20
How much estimated should each team be invested in for this week?
$5,000
$8,000
$13,000
$1,500
21
Money that has no value of its own, but can be exchanged for something of value is called:
automatic transfer service.ATM.
commodity money.
representative money.
automatic transfer service.
22
How many Federal Reserve Banks are in the U.S.?
1
12
13
50
23
The term for exchanging goods and services for other goods and services is:
commodity money.
currency.
barter.
representative money.
24
What is your starting cash amount in the Stock Market Game?
$10,000
$100,000
$150,000
$15,000
25
Which type of money is used in the United States today?
supply money
fiat money
commodity money
representative money
26
Banks create money when they:
hold the reserve requirement in cash.
make deposits at the Federal Reserve Bank.
accept deposits from customers.
make loans.
27
The purchase of a stock gives the investor _______, or a share of ownership in the corporation.
equity
dividends
interest
liability
28
______ are not-for-profit financial institutions owned by members,who are also their customers.
Savings banks
Saving and loan associations
Credit unions
Commercial banks
29
A steady rise in overall stock prices over a period of time is known as:
a bull market
a futures market.
a bear market.
an options market
30
A strategy that mixes a wide variety of investments within a portfolio:
Day Trading
Short Selling
Diversification
Dividends
