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Lawson Econ Fiinal
Terms in this set (49)
List three types of wealth:
List the six characteristics of money supply
A type of money where objects in themselves have value such as gold and silver
What tax form would an individual file to receive their final EIN?
A legal agreement between a company and a distributor to sell a product or service under special conditions is called a
What type of income is made from an individual's job?
Which organization regulates the Federal Reserve?
board of governors
The official document granted by a state giving power to run a corporation
According to the ___________________ Act, hedge funds must be registered with the SEC
What year did the Great Depression begin?
Which type of corporation is their shares of stock traded publicly?
As a result of the 2007-2008 bank crisis, what bank bailed out Countrywide Financial, who at the time was the largest lender in the United States?
Bank of America
A type of investment where the buyer pays a regular premium to the seller, in return the seller pays a lump-sum in the event the seller defaults
credit default swaps
In what year did congress pass the Federal Reserve Act which created the Federal Reserve System?
In the early 1900s, what event resulted in US citizens demanding their money from banks simultaneously?
panic of 1907
What US president vetoed the renewal of the second bank of the United States?
President Andrew Jackson
Investments based on the returns from mortgages are known as
A term where an investor spreading their investments around instead in only one thing
________________ is how easily something can be converted into cash
A term that means written proofs of owner ships, like stock or bond certificates
Standard and Poor's and Moody's are organizations that
Interest rates on bonds
Due date of that bond will be repaid
What bond has the highest risk and highest return?
What is the safest rating?
How old does an investor have to be in order to start receiving individual retirement account (IRA) earnings without penalty?
A person who links buyers and sellers of stock
What is the first step in the "Entrepreneurial Process"
Which of the following tax forms would a sole proprietor need to file?
The expenses incurred in the completion of a real estate transaction ______________ costs
How many rules are there in 1031 Exchange
The process of the lender taking back a property from the borrower who has defaulted on his or her mortgage
Who is the current chairman of the Federal Reserve?
How many Federal Reserve districts are there?
securities and exchange commission (stocks)
federal deposit insurance corporation
initial public offering
uniform franchise offering circular
internal revenue service
credit default swaps
certificate of deposit
money market accounts
return on investment
dividend reinvestment plan
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