what do entrepreneurs do?

take risks by starting a business

medium of exchange approved by the government.

what is the propose of investing?

to make money other than working

what are the three Cs of credit

character, capacity, collateral

money issued by the government under emergency conditions

what is the purpose of a budget?

creates a forecast of expenditure and income

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Nick and Connors EPF Quiz.

20 termsStudBud Administration

a sweet quiz about all the basics of economics and personal finance

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Questions 20

Answers

1
what do entrepreneurs do?
sell houses to hobos
take risks by starting a business
work at pet-smart
buy already started businesses
2
which is the most risky to invest in?
potatoes
bonds
stocks
CDs
3
what is money?
something that grows on trees on a farm.
used for toilet peper
useless paper
medium of exchange approved by the government.
4
what are some typed of insurance
life insurance
house insurance
all of the above
car insurance
5
what does CD stand for?
Connor Delony
Car Deposits
Credit or Debit
Certificate of Deposit
6
what is one factor that could effect your budget
all of the above
car accident
feeding the neighborhood cats
working out
7
there is no difference between banks and credit unions.
false
true
8
there is no difference in investing and saving.
true
false
9
what are some sources of income
all of the above
inheritance
tax returns
win the lottery
10
do you need an emergency fund?
true
false
11
what is the propose of investing?
to make money other than working
to gain popularity
to make your parents proud
to lose money
12
what does ATM stand for?
Automatic Transition Machine
Automated Teller Machine
Automatic Time Machine
At The Moment
13
what are the three Cs of credit
cough syrup, causes, cancer
cans, cant, cry
color, cars, cantalope
character, capacity, collateral
14
what is fiat money?
money issued by the government under emergency conditions
money that you earn from working
monopoly money
money you find on the ground
15
what is it called when you lose the potential gain from another alternative that is chosen.
AARP
IRS
opportunity cost
trade off
16
where is money made at?
bill gaits basement
the white house
the united stated mint
lee Davis high school
17
what is scarcity
having just enough supplies
having a surplus in supplies
being short in supplies
all of the above
18
what does APR stand for
Assistance Per Range
acrobatic paper races
Annual Percentage Rate
Annual Payment Rates
19
when would you fill out your W-2 form
whenever your company gives it to you
when you get fired
when you get as job
at the end of the year
20
what is the purpose of a budget?
money saves for a charity
creates a forecast of expenditure and income
makes a pile of money for spending
saves money

Nick and Connors EPF Quiz. Flashcards | StudBud