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5 Written Questions

5 Matching Questions

  1. fixed cost
  2. certificate of deposit
  3. opportunity cost
  4. credit
  5. insurance
  1. a a periodic charge that does not vary with business volume (as insurance or rent or mortgage payments etc.)
  2. b ..., an accounting entry acknowledging income or capital items
  3. c cost in terms of foregone alternatives
  4. d a debt instrument issued by a bank
  5. e A promise of reimbursement in the case of loss

5 Multiple Choice Questions

  1. a smaller scale of a economic system, used to see if the new economy will work
  2. anything that is usable, and natural
  3. the co-option of another person's personal information (e.g., name, social security number, credit card number, passport) without that person's knowledge and the fraudulent use of such knowledge
  4. the major party to a financial transaction at a stock exchange
  5. something that is not needed but longed for

5 True/False Questions

  1. investto give away some of your money to support something and in return you get money back


  2. budgetA plan involving how to spend/save/and increase your money


  3. microeconomicsthe branch of economics that studies the overall working of a national economy


  4. impulse buyinga regulated investment company with a pool of assets that regularly sells and redeems its shares


  5. expensesthe use of money to buy a want or need


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