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of 107 available terms

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5 Written Questions

5 Matching Questions

  1. Medium of Exchange
  2. Interstate Commerce
  3. transfer payments
  4. wages
  5. standard work day
  1. a money's most important function; used to facilitate transactions
  2. b 40 regular hours a week
  3. c money that is paid or received for work or services, as by the hour, day, or week.
  4. d the federal government focuses on business that takes place across all states
  5. e any payment made by a government for a purpose other than that of purchasing goods or services, as for welfare benefits.

5 Multiple Choice Questions

  1. a limit placed on the quantities of a product that can be imported
  2. necessary for cashing a check
  3. currency in paper form, such as government and bank notes, as distinguished from metal currency.
  4. when a country imports more than it exports
  5. the amount of goods and services that producers will provide at various prices

5 True/False Questions

  1. debit cardthe amount or quantity of goods and services that consumers are willing to buy at various prices


  2. balance sheetthe difference in the value between how much a country imports and how much it exports


  3. salarya fixed compensation periodically paid to a person for regular work or services.


  4. canceled checkschecks that are written that have been cashed


  5. monopolystudies how society chooses to use resources to produce and distribute goods and services for people's consumption


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