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Banking and Money Flashcards | StudBud
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Banking and Money
Banking and Money
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1
What changed productivity in the 1990's?
computers
cell phones
machines
internet
2
Which of the following is not an example of a Commodity?
human capital
sugar
wheat
oil
3
A collection of financial assets.
Savings Account
GDP
Commodity Accounts
Investment Portfolio
4
The movements of parts of a company’s operations to another country.
offshoring
free trade
brain drain
outsourcing
5
College teaches you skills that will help you get a higher income.
College Course Theory
College Theory
Human Capital theory
Skill Development Theory
6
A price floor that prevents employers from paying workers below a specific amount.
overtime pay
maximum wage
minimum wage
pay equity
7
The UN's Human Development Index measures
the age, weight, and mental health of people in a country
how many people live in a developed country
how education and wealth are connected in a country
life expectancy, literacy, education, and quality of life
8
What the government prints and declares it will support.
Gold
Currency
Money
Cash
9
A credit score measures...
a consumer's creditworthiness
how much cash you have available
how much you spend
how many assets you have
10
How long does GDP measure?
5 years
15 years
10 years
1 year
11
The percentage of the nation’s labor force that is unemployed.
jobless rate
underemployment
unemployment rate
functional underemployement
12
A steady rise in the stock market is called
Bear Market
Cat Market
Lion Market
Bull Market
13
The total amount of currency and debt circulating.
currency
money
cash
1 Million $
14
If you put $100 into a bank account, approximately how much does the bank have to keep?
25%
3%
15%
33%
15
The money being kept inside the bank to meet the Reserve Requirement Ratio.
loans
stockpile
interest
reserves
16
Both a virtual and a physical market where investors buy and sell shares of companies’ stock
fish market
stock market
Henry Clay's House
Government Trust Market
17
You can make payments and receive direct deposits from this account.
Money Market
CD
Mortgage
Checking Account
18
The strategy of spreading out investments to reduce risk.
crypto currencies
diversification
buying stocks
money laundering
19
A steady drop in the stock market is called
Bull Market
Bear Market
Cat Market
Lion Market
20
GDP gives an overall picture of the ________ of the economy. *
Poverty
Heatlh
Debt
Wealth
21
Why are bonds sold?
to earn interest and to invest in a fairly safe financial vehicle
to earn no interest and to take money from public works
to earn you money in your savings account
to finance war and to raise money to expand businesses
22
What does a bank do with your money?
Save it for a rainy day.
Buys stocks with it
Loan some of it out.
Keep it all in the bank as currency.
23
In order to check your credit score you will need to pay money to a credit service.
True
False
24
A general increase in prices across an economy.
price index
consumer price index
market basket
inflation
25
In this account you earn much more than savings account but it requires you to lock up your funds for a certain period.
money market
Checking Account
CD
savings account
26
The interest rate you'll pay on balances you carry from month to month.
annual fee
annual percentage rate
gdp
late fee
27
What is investment?
giving money away to others
redirecting resources to create past benefits
redirecting resources to create future benefits
the time you put into something
28
An ownership interest in a business.
stocks
cds
commodities
bonds
29
What is money based on?
Gold and Silver
Gold
Friendship
Trust
30
This account earns slightly more interest than savings accounts (while maintaining your access to cash).
Checking Account
CD
Savings Account
Money Market
31
This agency created by the Congress to maintain stability and public confidence in the nation’s financial system.
HDMIU
NCAA
FBI
FDIC
32
GDP per capital today is ______ times more than a hundred years ago.
8
10
25
3
33
A credit score is based on all of the following EXCEPT...
total levels of debt
number of open accounts
repayment history
how much money you give to charity
34
The way in which a nation’s total income is distributed among its population
poverty rate
income distribution
income gap
cash flow
35
The ability to produce more output per worker per hour.
Productivity
Capital Deepening
Trustworthiness
incentive
36
The price paid for borrowed or saved money is called...
late fee
debt
APR rate
interest
37
How is the American dollar in limited supply?
it can be destroyed easily
it can be broken down into cents, quarters, etc..
the Federal Reserve only makes a certain amount
the cloth used to make money is in limited supply
38
Which is NOT a popular stock index?
HDMUI
S&P 500
NASDAQ
Dow Jones Industrial Average
39
The real GDP divided by the total population of a country.
GDP wealth
GDP debt
GDP per state
GDP per capita
40
In this account you earn more interest but you have less access to your money. Most people use these to save money
checking account
money market
Mortgage
savings account
41
Depending on your credit score and payment history, you may be able to take out one of these for a car, house, ect...
Loan
savings account
checking account
money market
42
How does the bank “create” money?
They invest it in crypto currency
They make fake bills and put them in circulation.
They loan out money and collect the interest.
They print it at the bank.
43
The total income of a nation’s economic growth from one calendar year calculated by what a country buys and sells.
GNP
GDDPP
GPN
GDP
44
All of the following are functions of financial institutions EXCEPT...
saving money
Storing money
loans
investing your money in the stock market
