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5 Written questions

5 Matching questions

  1. annual percentage rate (APR)
  2. cost-benefit analysis
  3. opportunity cost
  4. needs
  5. invest
  1. a economic model that compares the marginal costs and marginal benefits of a decision
  2. b cost in terms of foregone alternatives
  3. c when you divide 27 by your interest rate to see how long it will take you to pay back your dept.
  4. d Something that is greatly need and one/something could not go on with out what is needed
  5. e to give away some of your money to support something and in return you get money back

5 Multiple choice questions

  1. a bank account against which the depositor can drawn checks payable on demand
  2. something you can invest in to gain money
  3. a periodic charge that does not vary with business volume (as insurance or rent or mortgage payments etc.)
  4. the system of production and distribution and consumption
  5. a person who uses goods or services

5 True/False questions

  1. Disposable incomeincome (after taxes) that is available to you for saving or spending

          

  2. expensesthe entire amount of income before any deductions are made

          

  3. certificate of deposita debt instrument issued by a bank

          

  4. variable costthe increase or decrease in costs as a result of one more or one less unit of output

          

  5. insuranceA promise of reimbursement in the case of loss

          

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