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5 Written questions

5 Matching questions

  1. Money must be PORTABLE
  2. Sole Proprietorship
  3. Bond
  4. Representative Money
  5. Travelor's checks
  1. a The object used for money stands for something else that has value

    Examples: Checks
  2. b Money must be easy to carry around
  3. c A special kind of check that represents money in a bank or large company. They are sold for face value with an extra fee, but they will be replaced if lost or stolen
  4. d 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
  5. e A business owned by 1 person.
    -70% of today's businesses are sole proprietorships, but they only make about 10% sales in today's economy
    -Examples: small retail stores, doctor's office

5 Multiple choice questions

  1. 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
  2. Something of value that a borrower gives a lender as a guarantee that the loan will be repaid.

    Example: House or car
  3. People who buy stock
  4. Takes 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.
  5. Not true money! When you use a credit card, you are borrowing money from a company and will pay it back later

5 True/False questions

  1. SpeculationAnother word for stocks and bonds

          

  2. CashA 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

          

  3. Money must be STABLEMoney must be easy to carry around

          

  4. Karl MarxFather of Communism
    Wanted a command economy that would favor workers, not rulers. All property would be jointly owned by all people. Everyone would be equal in power, wealth, and rights.

          

  5. Mutual FundA pool (group) of money from investors that is used to buy stocks and bonds

          

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