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MP2 Quarterly Bank Tax Stocks S&D Flashcards | StudBud
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MP2 Quarterly Bank Tax Stocks S&D
MP2 Quarterly Bank Tax Stocks S&D
47 terms
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StudBud Administration
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Banking Taxation Business Stocks
Flashcards
47 cards
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Practice quiz
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Questions
47
Answers
1
The Law of Supply is
An inverse relationship
based on consumers behavior
A direct relationship
says that when price goes up, demand goes down
2
Banks store
Silver
Gold
All of these
Paper Money
3
The ticker symbol of a company most likely indicates the:
Subsidiaries
Dividend
PE Ratio
Parent Company
4
Bonds represent
Partial ownership in a company
Partial ownership of a companies assets
Partial ownership of the companies liabilities
Partial ownership of the companies debt
5
What is S&P 500
Standard and Poor's index with Top 500 companies
Top 500 country songs
Security that pays specific interest rate
6
Which is an example of complimentary goods?
Milk and coffee
Chairs and windows
Coke and Pepsi
Shoes and backpacks
7
What tax bracket is $9526.00
10%
22%
12%
24%
8
What is tax?
An added cost to everyday things
Forms that the government requires you to fill out
A required payment to a local, state, or natl. govt.
Trading of goods/money between people and companies
9
What is equity?
The value of a company after liabilities are assessed
Debts owed to the company
A company that has assets and liabilities
The elements of a company that offer future benefits
10
Define supply and demand.
a government tax on imports or exports
Price of a good rises & falls depending on if people want it
limit placed on the product quantities that can be imported
trade barrier placed a ban on trade with another country
11
Determinants of supply
Point where quantity demanded equals quantity supplied
Percentage of the labor force that is unemployed
Price at which quantity demanded equals quantity supplied
Factors that influence the supply of a product
12
What is Dow Jones?
Famous WNBA Player
Indiana Jones' cousin
A Stock Market Index
Vice President to Hoover
13
Which of the following is a Luxury Tax
Flat tax
Tax on smoking
Tax for government housing programs
Tax on a personal jet plane
14
Taxes are used for the purpose(s) of
Promoting the general welfare
all of these
Changing peoples behavior
Shifting wealth
15
Why do banks loan money
To generate wealth
Frivolous spending
To purchase stocks and bonds
All of these answers
16
Which of the following best defines Voluntary Compliance
Your gross income, minus, adjustments to your income
The amount of an employee's pay taken by the employer
The idea that people will be open and honest when paying tax
A deduction that lowers your taxable income
17
Which is an example of substitute goods?
Chairs and windows
Milk and coffee
Coke and Pepsi
Shoes and backpacks
18
What is a Ticker Symbol?
Ticker Clock
Ticker Tape Parade
Abbreviation used to uniquely identify a Stock
A Private Company
19
What do banks bring together
Customer's money with entrepreneurial ideas
Customers with their money
Money and gold
Money with interest
20
What is a Bear Market
A period when prices rise faster than the historical average
Changes relative to market sales of DJIA
A period where prices rise accompanied by pessimism
A period where prices fall accompanied by pessimism
21
Define Equity.
The difference between the market value and the unpaid balance.
The income after taxes and other deductions on monthly car payments.
Electricity, heat, gas, and water.
A partial payment that you make when purchasing something.
22
Definition of bull market?
A specified amount of money.
A long period of rising stock prices.
A long period of decreasing stock prices.
A system for buying and selling stocks in corporations.
23
The law of demand is...
as P decreases QD increases
as P increases QD increases
as P increases QD decreases
as P decreases QD decreases
24
Determinants of supply
number of suppliers
level of technology
cost of factors of production
number of buyer
25
Which one of these is not a reason why I pay taxes?
Government
Medicine
Military
Donation
26
What are stocks?
All of these
Partial cooperation in decisions
Part ownership of a company
Part ownership of debt?
27
Bull Market
A Butcher market
The Chicago Bulls Store
Where they sell Red Bull drinks
A Rising Stock Market
28
Price elasticity of demand measures...
how sensitive consumers are to a change in price
buyers ability to switch
buyers knowledge of the product
availability of substitutes
29
The prices of related goods like complements and substitutes are connected with
supply
demand
30
Which of the following taxes are designed to change behavior
Tax on expensive items like a yacht
Carbon tax to regulate pollution
Direct Tax
All of these answers
31
Complimentary goods are
tennis balls and tennis rackets
golf balls and tennis rackets
tennis balls and golf clubs
golf balls and fly swatters
32
The American Tax Code
None of these
A flat tax system
A progressive tax code
A proportional tax code
33
What is the goal of taxation
To provide for the common defense
To promote the general welfare
All of these
To raise money for government services
34
What tax bracket is $157,000.00
24%
12%
22%
10%
35
Banks lend money to...
Improve society
Invest in markets
None of these
Help you get rich
36
Which of the following best defines Gross Income?
The amount of money the government requires people to play
The amount of earnings after taxes
An individual's total earnings before taxes
Money received in exchange for goods, services, and work
37
What are Stocks?
None of these
Part ownership in a corporation's assets
Part ownership in a corporation's debt
Part ownership in the corporation
38
Why do we pay taxes
To have a police department
All of these
To have public schools
To have roads
39
Market Equilibrium is when the demand curve?
When there is a steady supply
Is at its lowest value
Meets the Supply Curve
Is at its highest value
40
Supply and Demand
Move In the same direction, supply goes up demand goes up
None of these
Move In opposite directions, supply goes up demand goes down
Do not affect each other
41
What is a Bear Market
Period which prices fall accompanied by widespread pessimism
Both A & B
Period which prices rise faster than the historical average
When the stock pricing has a continued upward trend 1 week
42
What are the two types of related goods?
Complementary and Substitute
Complementary and Inverse
Left and Right
Substitute and Teacher
43
The law of demand states
As prices increase, demand increases
As prices increase, supply increases
As prices increase, supply falls
As prices increase, demand falls
44
Why are we paying taxes?
We don't
big money swag
The money we pay help many services
To get money
45
Banks...
Print money
All of these
Create money out of thin air by lending
Sell money at a discounted price
46
the law of supply is...
as P decreases QS increases
as P increases QS decreases
as P increases QS increases
as P decreases QS decreases
47
What are Bonds?
None of these
Part ownership in the corporation
Part ownership in a corporation's debt
Part ownership in a corporation's assets
