SLO 22-23

What does FICA stand for?

Fast Food chains, such as KFC or Subway, are classified under which Economic system?

This is how the government decides how to collect and spend money to influence the economy.

Debit cards offer the same purchase protection that credit cards do.

The government tracks the prices of the same goods and services each year. This is known as?

What does APR stand for when referring to credit cards?

This type of money has value apart from their value as money.

Debit cards normally carry interest that you have to pay in addition to your balance.

A budget includes all of the following except?

What is the law demand?

In this type of unemployment, people take time to find a job (Standard unemployment)

This economic system has a few large sellers that dominate the industry. Entry into these markets is difficult.

If someone fraudulently uses your credit card, you are not responsible for paying back the fraud.

This economic thought argued that the government should increase spending to spark demand and help the economy.

Sales taxes are considered ______, because it is the same rate for everyone, regardless of income.

What is the amount of pay called before any deductions are taken?

This is a tax on general revenue levied on the manufacture or sale of selected items.

This idea of taxation states that the more money you make, the higher percentage you pay in taxes.

For which of the following would you generally need to save?

Inflation hurts all of the following types of people except?

All of the following are causes of inflation except?

When a bank fails and the bank is not FDIC insured, what might happen to the funds deposited with the bank?

This economic idea believes in reduced government spending and tax cuts.

What are routing numbers?

The Federal government does not own any U.S. banks outside the Federal Reserve.

Careful use of a credit card can help you build your overall credit score.

This policy is meant to encourage economic growth by higher government spending and tax cuts.

Which of the following is NOT a financial investment?

What is the term to describe buying items today rather than saving the money?

The following are a few ways individuals can save money, except?

Keynesian economics is also known as what?

This cause of inflation states, that when demand increases but supply stays the same then prices will go up.

The following are all physical properties of money except?

What are the two acceptable logos on the front of a debit card?

Banks fill all of the following roles in the economy except?

What is the economic definition of savings?

FICA funds Social Security and Medicare.

If nothing else changes, supply is greater at higher prices than lower. This describes what?

"Banks" include commercial banks, savings and loan associations, and what?

Of the options below, Which one is an example of an oligopoly?

You may find your checking account number on all of the following except?

What is demand?

This type of money has its value assessed by the government.

The inflation rate is made up of about 300 commonly purchased goods

This policy is meant to reduce economic growth by having lower government spending and higher taxes.

If Bruce Wayne wanted to donate his mansion to Mr. Price, what tax would he have to pay?