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5 Written Questions

5 Matching Questions

  1. Credit Cards
  2. Capital gain
  3. Charter
  4. Partnership
  5. Stock
  1. a Not true money! When you use a credit card, you are borrowing money from a company and will pay it back later
  2. b Money made from selling stocks for more money than what you bought them for.

    This is one way stockholders earn money from investing in stocks
  3. c A business owned by 2 or more people.
    -10% of today's businesses are partnerships
    -There are 2 types of partnerships
    1) General partnerships - each partner makes decisions and is legally responsible
    2) Limited partnerships - some partner does not make decisions and is not legally responsible

    Partnerships used to be sole proprietorships
  4. d A license to become a corporation
  5. e Shares of ownership in a corporation

5 Multiple Choice Questions

  1. A way of making economic choices and decisions. Every country has an economic system.
  2. Shares of a company's profits paid to stock holders 2-4 times a year.

    *This is one way to make money from investing in stocks
  3. A certificate promising to repay borrowed money with interest
    -There are 2 types of bonds - corporate and municipal/government bonds
    *Bonds are a safer investment than stocks
  4. It must be easy to break money into smaller units
  5. People who buy stock

5 True/False Questions

  1. SocialismTakes ideas from communism and market economy and combines them.
    Socialism supports that central planning from the government is needed and in public ownership of business like in a communist society. Socialist governments are democratic like in a market economy.

          

  2. ChecksShares of ownership in a corporation

          

  3. Money has 3 jobs:
    1) Money is a standard value
    People use money to measure the value of something

          

  4. Travelor's checksChecks represent money in a checking account that is stored at the bank. This type of money is representative

          

  5. Money must be HARD TO COUNTERFEITMoney must last a long time

          

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