CHALLENGE: what will the Fed most likely do with interest rates in the coming months

Freeze them to protect the economy

What is compound interest?

Interest on the principal and the accumulated interest

When does our stock game end?

June 27, , 2020, January 10, 2020 at 8:24 a.m.

What's one way the laws about credit cards changed while Obama was president?

Really small, unreadable print can't be used on bills

studbud

Economics study guide Page 2

20 termsStudBud Administration160 plays

How are you doing getting ready for the final exam? Well, let's see. Ready.....set....action!

Flashcards20 cardsFPractice quizPHost liveL

Questions 20

Answers

1
Which of the following in an index that tends to measure high tech stocks?
S&P 500
NASDAQ
Dow Jones
The Libor Index
2
CHALLENGE: The Federal Reserve is most concerned with making:
Monetary policy
Political Policy
Foreign Policy
Fiscal Policy
3
CHALLENGE: what will the Fed most likely do with interest rates in the coming months
Freeze them to protect the economy
Cut them
Raise them
Ask Donald Trump what he thinks the rates should be
4
How much is each depositor insured for in a savings bank?
$200,000
$250,000
$150,000
$100,000
5
What is compound interest?
Simple interest times two
Interest squared
Interest on the principal and the accumulated interest
All of the above
6
When does our stock game end?
It will never end, you must play forever
June 27, , 2020
January 10, 2020 at 8:24 a.m.
December 31, 2019 at midnight
7
A smart investor always:
All of the above
Isn't afraid to ask stupid questions
Continues to ask questions after choosing a stock
Asks questions about their potential invesment
8
When is college considered to be "bad debt"?
When you must get huge loans you will not be able to repay
When you are going to drop out of college
When the College is a for-profit rip-off school
All of the above
9
Who insures your deposits in savings banks?
FBID
IRS
SEC
FDIC
10
According to Mr. O, what is the absolutely dumbest thing you can do on the final exam?
Forget to study for it
Fail it
Write a messed up business letter
Cheat on it
11
As president, Donald Trump has done which of the following to the economy?
Regulated banks more
Regulated health care more
Regulated the stock market more
None of the above
12
Which of the following is a company that markets low cost mutual funds?
Bernie Madoff Inc.
Trump University
Fidelity
Goldman Sachs
13
Come tax time, the IRS imposes a tax on stock profits. That tax is called a(n)
Estate tax
Regressive tax
Capital gains tax
Excise tax
14
An index mutual fund:
Is managed by only one stock trader rather than a team
Generally costs more to be in than a regular mutual fund
Is less predictable than the Dow Jones average
Seeks to mirror a given index
15
What's one way the laws about credit cards changed while Obama was president?
Really small, unreadable print can't be used on bills
Cards can now be marketed aggressively on college campuses
Department store cards are cheaper than regular credit cards
Cards have to be low interest
16
CHALLENGE: Who is the current chair of the Federal Reserve Board?
Jerome Powell
Janet Yellen
Ben Bernanke
Donald Trump's hairstylist
17
The last few months, U.S. stocks generally seemed to be in what kind of market?
A Giraffe Market
A Bear Market
A Zebra Market
A Bull Market
18
Of the four investing options below,which one is the riskiest?
Real Estate
Junk Bonds
U.S. Government bonds
Gambling at a casino
19
CHALLENGE: Cake day is Friday, What is it is Wednesday.....what day used to have music?
Monday
Tuesday
Saturday
Thursday
20
Which of the following is NOT an example of "good debt", as we discussed in class?
A new car
One credit car, under control
College
A home mortgage

Economics study guide Page 2 Flashcards | StudBud